South African executive Josua Malherbe’s stake in Remgro skyrockets, earning him $1.3 million in 42 days
Malherbe owns a beneficial 0.21-percent stake in the investment holding, or 1,178,995 ordinary shares.
Southern Africa
10 assets owned by Botswana’s richest man Abdul Satar Dada
Dada is best known in Botswana for two key businesses: motor dealerships and his significant control over the country’s poultry industry.
South African billionaire Christo Wiese’s Invicta acquires 50-percent stake in Singapore’s KMPFE
Wiese controls a significant ownership stake of 19.23 percent in the Johannesburg-based investment holding company.
Swazi billionaire Natie Kirsh loses $170 million, net worth shrinks below $7.4 billion
The decline in Kirsh’s fortune can be attributed to the performance of his private investments in Kirsh Group.
South African tycoon Andre Du Plessis hits jackpot, stake in Capitec Bank surges past $70 million
Du Plessis, a prominent South African businessman and a co-founder of Capitec Bank, owns a beneficial 0.78-percent stake in the financial services provider.
South Africa’s second-richest man Nicky Oppenheimer suffers $150 million loss in five days
The decline can be attributed to losses incurred from Oppenheimer’s investments in private equity firms.
Africa’s largest telecom group CEO Ralph Mupita gains $1 million from MTN stake
The surge in the market value of Mupita’s minority 0.043-percent stake in MTN Group can be attributed to renewed investor interest.
South African tycoon Saki Macozoma owns $125-million mining fortune
Macozoma’s boasts a shareholding in the Tshipi Borwa manganese mine that is now valued at $125.1 million.
Johann Rupert remains Africa’s richest man, despite $900-million decrease in net worth
The decline in Rupert’s net worth can be attributed to the reduction in the market value of his 9.14-percent stake in Richemont.
South African tycoon Paul Hanratty reaps impressive gains as Sanlam’s stake exceeds $15 million
The surge in Hanratty’s stake can be attributed to the remarkable performance of Sanlam’s shares since the start of the year.
Zimbabwean tycoon Kudakwashe Tagwirei allegedly laundered funds – Sentry Report
In August 2020, Tagwirei was sanctioned by the U.S. for harming the Zimbabwean people through extraordinary corruption.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings posts $8 million in profit in 2023
Abdoola, the managing director and a founding member of Turnstar Holdings, holds the largest individual stake in the company.
South African tycoon Christopher Seabrooke’s Sabvest Capital stake tanks, resulting in $26.9-million loss
Seabrooke holds a significant 40.61-percent stake in Sabvest Capital, making him one of the richest executives in the country.
5 companies owned by South African billionaire Christo Wiese
These stakes contribute to Wiese’s expanding wealth and reinforce his position as one of Africa’s most influential business figures.
10 assets owned by South Africa’s richest woman, Mary Slack
Slack, the granddaughter of Ernest Oppenheimer and elder sister of Nicky Oppenheimer, owns interests in dozens of ompanies.
South African tycoon Piet Mouton’s stake in Capitec Bank loses more than $180 million in 2023
Mouton, who has accumulated a substantial fortune through his diverse investment portfolio, has a 5.83-percent stake in Capitec Bank.