Michiel Le Roux loses $110 million from investment in Capitec Bank
Le Roux holds an 11.39-percent stake in Capitec Bank.
Southern Africa
7 companies owned by Zimbabwe’s richest man, Strive Masiyiwa
With an enduring legacy spanning two decades, Masiyiwa has redefined telecommunications in Africa.
Botswana businessman Farouk Ismail faces $3-million loss from Choppies stake
Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with more than 260 stores in eight countries.
Michael Jordan’s net worth grows by $1.8 billion in 2023
With this most recent milestone, Jordan’s legacy continues to redefine the boundaries of success on and off the basketball court.
South African tycoon Giovanni Ravazzotti to receive $5-million dividend from Italtile
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.
South African-born billionaire Patrick Soon-Shiong’s net worth slumps by $770 million
Despite his recent decline in fortune, Patrick Soon-Shiong remains among the richest African billionaires.
South African banker Mike Brown earns $2.3-million salary from Nedbank in 2022
Brown is the CEO of NedBank Group, one of the continent’s most valuable financial services groups.
Tiger Woods’ net worth hits $1.1 billion
Throughout his professional career, Woods has amassed a staggering $1.8 billion, a sum that includes $121 million in prize money on the PGA Tour.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.
Africa’s richest: Dangote’s grip strengthens as net worth hits $11.2 billion
Dangote’s status as the richest man in Africa has been further fortified by a noteworthy increase of $200 million within a mere span of eight days.
South African defense industry magnate Ivor Ichikowitz pledges to restore Mandela Mural in Kyiv, Ukraine
Through his foundation, Ichikowitz will pay for the restoration of the mural, which faced an act of vandalism in December 2021.
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
South African banker Arrie Rautenbach’s salary at Absa amounts to $2.4 million
Rautenbach owns a minority stake of 0.026 percent, amounting to 218,412 shares in the financial services giant.
South African tech mogul Jens Montanana rakes in $2 million in 24 days
Montanana, who is renowned for his leadership and contributions to the tech industry, founded Datatec in 1986.
5 companies owned by Botswana businessman Farouk Ismail
Ismail, a renowned Botswana businessman, has reshaped the nation’s economy and the broader African business arena.
South African banker Sim Tshabalala earns $2.8-million salary from Standard Bank in 2022
Since assuming the mantle of CEO, Tshabalala has led Standard Bank Group to impressive financial milestones.