Controversial South African mogul Edwin Sodi’s mansion listed for $4 million
The mansion, once the pride of Sobi, a troubled businessman, was listed by Lynn Petzer of Lynn Estates.
Southern Africa
South African businessman Johan Burger loses $1.37 million from FirstRand stake
Despite the recent decline in the market value of his stake, Johan Burger remains one of South Africa’s most affluent and influential executives within the financial industry.
South African executive Lance Foxcroft pockets $1.2-million salary in 2023
Foxcroft’s 2023 compensation comprises a base salary of R4.08 million ($0.21 million), complemented by a performance-driven short-term incentive of R3.64 million ($0.19 million).
Mohamed Alabbar, owner of world’s tallest building Burj Khalifa, eyes Zimbabwe for expansion
Alabbar’s extensive business portfolio includes Emaar Properties, a leading real estate developer, and notable ventures such as Noon.com, an e-commerce platform.
Zimbabwean businessman John Moxon’s Meikles stake slumps below $7 million
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.
South Africa’s richest man Johann Rupert sees $1.05-billion surge in net worth
The recent increase in Rupert’s fortune is linked to the performance of his 9.14-percent stake in Richemont.
Companies owned by South Africa’s second-richest man Nicky Oppenheimer
The South African billionaire investor is renowned for his global investments in Africa, Asia, the United States, and Europe.
South African-British billionaire Clive Calder gains $100 million in just 2 days
The recent $100-million surge in Calder’s fortune, pushing his year-to-date wealth gains to $250 million is tied to the performance of his privately owned assets.
South African executive John Copelyn earns $1.2-million salary in 2023
Copelyn’s strategic leadership propels Hosken Consolidated Investments Limited (HCI) to a record-breaking 58.6-percent profit surge in 2023.
South African tycoon Giovanni Ravazzotti loses $31.5 million from Italtile stake
Ravazzotti, a top figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
South African billionaire Michiel Le Roux gains $100 million within 24 hours
The recent uptick in his fortune can be attributed to the performance of his 11.39-percent stake in Capitec Bank.
South Africa’s richest man Johann Rupert gains $500 million in just 9 days
Rupert has cemented his status as South Africa’s richest individual, maintaining his lead over fellow South African magnate Nicky Oppenheimer.
South African executive Michael Koursaris pockets $1-million salary in 2023
Koursaris started at AVI in 2002 as a business development analyst and rose to become a business development executive in January 2011.
South African executive Tim Jacobs takes home $1.3-million salary in 2023
The compensation package marks a notable 27.8 percent increase compared to the R19.92 million ($1.05 million) remuneration he received in the previous fiscal year.
South African tycoon Stephen Brookes faces $1.4-million loss from Balwin stake
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, is the company’s largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
South African billionaire Christo Wiese’s stake in Shoprite slumps by $50 million
Wiese owns an 11.5-percent stake in the leading supermarket chain, which translates to a total of 68,083,200 ordinary shares in the group.