Patrice Motsepe and Johann Rupert unite to elevate Boland Rugby’s prospects
Motsepe and Rupert, the majority shareholders of the Pretoria-based Blue Bulls Company, recently acquired a 74-percent stake in Boland Rugby Union.
Southern Africa
5 companies linked to South African businessman Nkululeko Sowazi
With his extensive knowledge and strong leadership, Sowazi has solidified his position as a prominent figure in the business world.
South African billionaire Christo Wiese sells Shoprite shares worth $49.4 million
Wiese, through Titan Fincap, a subsidiary controlled by his investment vehicle, Titan Premier Investments, sold 3.83 million ordinary shares in Shoprite.
South African tycoon Zak Calisto’s Karooooo abandons second-hand vehicles business
Karooooo, which Calisto controls, owns Carzuka, a leading digital marketplace for used vehicles.
South African billionaire Michiel Le Roux loses $55 million in just 4 days
Le Roux owns an 11.39-percent stake in Capitec Bank.
Botswana tycoon Farouk Ismail gains $3 million from Choppies stake
This surge has solidified Farouk Ismail’s standing as one of Botswana’s most affluent businessmen.
South Africa’s richest man Johann Rupert loses $3.7 billion in three months
Data from the Bloomberg Billionaires Index reveals that Rupert’s net worth slumped from $14.4 billion on July 16 to $10.7 billion.
South African-born billionaire Patrick Soon-Shiong gains $220 million
At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.
Zambian banker Saviour Chibiya’s salary at Absa tops $1 million
Chibiya’s leadership and contributions to Absa Group’s success testify to his position in the financial services sector.
5 companies linked to South African businessman Mteto Nyati
In the South African business landscape, Nyati stands tall as a prominent figure, leaving an indelible mark on the corporate landscape.
South African exec Kennedy Bungane-led African Bank expands with $170-million Sasfin unit acquisition
This acquisition follows African Bank’s earlier acquisition of Grindrod Bank and Grindrod Financial Holdings.
South African tycoon Fleetwood Grobler’s Sasol faces hurdle in $77-million deal
In recent times, Fleetwood Grobler, a minority shareholder in Sasol, has been leading Sasol’s transition toward cleaner and renewable energy strategies.
South African tycoon Markus Jooste receives 20-year ban from holding directorship in JSE-listed companies
Jooste, 62, is a South African businessman and the former CEO of Steinhoff International.
Swazi billionaire Natie Kirsh sees net worth dip by $170 million, returning to $7.1 billion
Kirsh Group, the holding company for Kirsh’s investments, also saw its value dip by $100 million, falling from $305 million to $205 million.
4 companies linked to South African businessman Johan Burger
Beyond his leadership contributions at FirstRand, Burger owns a 0.11-percent minority stake in FirstRand.
South African tycoon Gerrie Fourie nets over $4 million in just 10 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank.