South African billionaire Michiel Le Roux suffers $15-million blow
Le Roux holds an 11.39-percent stake in Capitec Bank, or 13,190,043 shares.
Southern Africa
5 assets owned by South African businessman Vivian Reddy
Despite a low-key public presence, Vivian Reddy remains a prominent figure in South African business circles.
South African banker Jason Quinn’s salary at Absa amounts to $1.8 million
Quinn also owns a minority stake of 0.012 percent, amounting to 99,814 shares in the financial services giant.
South African tycoon Jannie Mouton suffers $3.7 million loss from Capitec stake
Jannie Mouton is renowned for Co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in Capitec Bank
Rob Hersov: South African billionaire transforming Cape Winelands Airport
In 2021, Hersov acquired the former Fisantekraal airstrip and unveiled his vision to transform it into a vibrant airport and secondary hub for Cape Town.
Coco Gauff takes home over $5 million in earnings from 2023 U.S. Open
With her recent earnings, Gauff not only stands as the face of women’s tennis but also solidifies her status as one of the world’s highest-earning athletes.
Zimbabwean tycoon John Moxon gains nearly $13 million in 32 days
Moxon ranks as one of the richest investors on the Zimbabwe Stock Exchange.
Irma Stern’s ‘Praying Arab’ painting from Zanzibar set for auction in Cape Town
‘Praying Arab’ stands as a remarkable representation of Stern’s distinctive style during her golden period, roughly spanning from 1933 to 1948.
South African executive Fani Titi earns $9.4-million salary at Investec in 2023
Titi’s compensation package encompasses a base salary of $1.3 million and a performance-based short-term incentive of $1.97 million.
Shoprite, linked to South African billionaire Christo Wiese, sees profits soar to $308 million
Wiese, an influential figure in the retail sector, holds an 11.58-percent stake in Shoprite, valued at over $900 million.
South African tycoon Neal Froneman earns $10-million salary from Sibanye-Stillwater
Froneman, a highly respected executive within the mining industry, has played a pivotal role in the transformation of Sibanye-Stillwater.
12 inspirational quotes from the late South African tycoon Raymond Ackerman
Billionaires.Africa remembers Ackerman by recalling some of his most enduring quotes about leadership, entrepreneurship and humanity.
19-year-old star Coco Gauff wins first Grand Slam title, raking in $3-million prize
Gauff is set to cement her position again as one of the world’s highest-paid tennis players and top-earning individuals.
U.S. billionaire Jeff Bezos pledges $22.8 million to land restoration efforts in Africa
This move by Bezos and The Bezos Earth Fund follows their announcement in October 2022, outlining plans to collaborate with African and European nations.
Botswana tycoon Farouk Ismail faces $3-million loss from Choppies stake
The market value of Ismail’s shares in Choppies has taken a sharp hit, plummeting by BWP41.13 million ($2.99 million) since Aug. 16.
7 companies the late South African tycoon Raymond Ackerman owned
Ackerman’s influence extended far beyond his retail empire. He passed away at the age of 92, leaving behind a lasting imprint.