South Africa’s richest man donates 10,000 homes to underprivileged
Rupert, South Africa’s richest man, and his wife are the founders of the Free Market Foundation.
Southern Africa
South African billionaire Adrian Gore sees pay dip amid unmet goals
The reduction came despite company’s robust performance because Gore failed to achieve his personal performance benchmarks.
South African exec Thando Mkatshana earns $1.8-million salary from ARM
Mkatshana’s name resonates through the corridors of ARM, a diversified mining and mineral company founded by South African billionaire Patrice Motsepe in 1997.
South African tycoon Roux Shabangu to lose assets over tax debt
Shabangu is the founder of JB Holdings, a conglomerate with tentacles in commercial real estate, mining, oil and gas, and telecom.
4 companies owned by J. Cole
Now J. Cole is strategically investing his earnings, preparing for a life beyond music as he explores various business ventures.
South African tycoon Christopher Seabrooke suffers $3.4-million loss from Sabvest stake
Despite the recent decline in Seabrooke’s stake in Sabvest Capital, he remains among the richest investors on the Johannesburg Stock Exchange.
Africa’s first Black billionaire Patrice Motsepe suffers $1-billion wealth decline in 2023
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
South Africa’s second-richest man Nicky Oppenheimer gains $100 million in October
The recent $100-million surge in Oppenheimer’s wealth, has now pushed his year-to-date wealth gains to $925 million.
South African banker Harry Kellan earns $2.1-million salary from FirstRand in 2023
In addition to his executive and governance responsibilities at FirstRand, Kellan holds a beneficial 0.04-percent stake in the financial services giant.
South African businessman Barry Swartzberg suffers $20-million loss in 48 days
Swartzberg owns a 3.92-percent stake in Sandton-based financial services group, Discovery Limited.
South African-born tycoon Barry Stuhler takes $2.9-million hit from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties, or 172,699,222 ordinary shares.
South African banker Alan Pullinger suffers $1.8-million loss from FirstRand stake
Pullinger owns a minority stake of approximately 0.1 percent, or 5,634,679 ordinary shares in FirstRand.
Adidas displays financial strength amid Kanye West’s Yeezy influence
Adidas held over $1 billion worth of unsold Yeezy inventory in May.
Pick ‘n Pay, led by South African Ackerman family, revises half-year earnings forecast
South African billionaire Ackerman family owns 25.5 percent of Pick ‘n Pay.
South African entrepreneur Paul Saad-led brand extends reach with new Cape Town store
Futurelife was founded in 2007 by Saad, the brother of South African billionaire Stephen Saad, who serves as the CEO of Aspen Pharmacare Holdings.
South African tech tycoon Zak Calisto gains $87 million from Karooooo stake
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.