South African exec Sam Ngumeni earns $5.3-million salary from Woolworths in 2023
Woolworths rewards Ngumeni’s pivotal role with an impressive increase, mirroring the company’s stellar financial year.
Southern Africa
South African tycoon Gus Attridge gains nearly $8 million in 16 days
Attridge, Aspen’s group chief advisor who ranks as one of JSE’s richest investors, owns a 4.26-percent stake in the pharma group.
Ralph Mupita-led MTN explores bold move with Elon Musk’s Starlink to strengthen regional growth
Under Mupita’s leadership, MTN Group has soared to new heights.
Zimbabwean businessman John Moxon loses $12.7-million from stake in Meikles
Moxon owns a 10.8-percent stake in the group.
Fall from fortune: Isabel dos Santos denied access to $734 million in UK assets
Once considered Africa’s wealthiest woman, dos Santos was removed from Forbes’ list of the world’s wealthiest people in January 2021.
7 companies owned by South African businessman John Copelyn
Discover his pivotal role in companies like Montauk, HCI, Southern Sun, and more.
South African tycoon Pieter Boone receives $1.3-million salary from Pick ‘n Pay in 2023
During his tenure, Pick ‘n Pay achieved remarkable milestones, with gross profit rising from R18.40 billion ($1 billion) in 2022 to R20.94 billion ($1.14 billion) in 2023.
South Africa’s richest man Johann Rupert gains $1.1 billion in 13 days
Rupert’s net worth, now standing at $12.6 billion, reflects an increase from $11.5 billion nearly two weeks ago.
6 companies owned by South African businessman Gareth Ackerman
Beyond leading one of Africa’s retail giants, Ackerman’s investments make him one of South Africa’s wealthiest business leaders.
Namibian businessman Quinton van Rooyen suffers $21.4-million loss in 34 days
Van Rooyen’s stake in Trustco has declined by $21.37 million since Nov. 14.
Leeming-led group seals $400-million deal to acquire Emperors Palace owner
To fund this strategic acquisition, Sun International is opting for a strategic infusion of new debt.
South African accountant Terence Nombembe assumes director role at Nedbank
Nombembe’s appointment comes at a pivotal juncture for the South African banking sector, grappling with challenges posed by rising inflation and economic uncertainty.
6 companies owned by South African real estate tycoon Steven Herring
With decades of experience and a portfolio exceeding $160 million, Herring ranks as one of the leading figures on the African business scene.
7 companies owned by South African tycoon Giovanni Ravazzotti
Ravazzotti’s journey, marked by resilience and foresight, shaped the success of Italtile, listed on the Johannesburg Stock Exchange since 1992.
Neal Froneman-led Sibanye commits $4.6 million to empower Rustenburg communities
Froneman expressed that the $4.6-million investment will be directed to address the needs and challenges faced by communities surrounding the Rustenburg operation.
Swazi billionaire Natie Kirsh adds $300 million to his fortune in 14 days
The primary driver behind this surge is attributed to the performance of his 75-percent stake in Jetro Holdings.