CEO of Africa’s biggest company sees remuneration slump to $5.9 million in 2023
Bob van Dijk, who has held the position of CEO since 2014, is renowned as one of the highest-paid executives on the continent.
Southern Africa
Africa’s first Black billionaire donates $320,000 to resolve South Africa Women’s World Cup team pay dispute
Motsepe, who made history in 2008 as the first Black African billionaire, derives the majority of his wealth from his stake in ARM.
Tanzanian billionaire Rostam Aziz apologizes to Judiciary over careless remarks
Aziz issued an apology to Tanzania’s judiciary on Monday after making remarks on June 26 that raised doubts about the independence of the country’s judiciary.
Controversial South African mogul Zunaid Moti loses case against amaBhungane Centre
The amaBhungane Centre for Investigative Journalism had earlier been barred from using documents acquired from a source in its reporting on controversial businessman Zunaid Moti, who claimed they were stolen.
South African tycoon Barry Swartzberg’s stake in Discovery soars, gaining $18 million in 40 days
Swartzberg owns a 3.92-percent stake in the company, solidifying his position among South Africa’s most influential executives.
Nigerian billionaire Benedict Peters to meet Zimbabwean state officials over platinum project delays
Peters’ visionary leadership has contributed to the growth and development of Africa’s petroleum sector, and his achievements have been widely recognized.
The Richest Five: Meet the five African billionaires with a net worth of more than $5 billion
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
Africa’s richest list reshuffled amid devaluations: Nigerian billionaires suffer, South African billionaires thrive
While South African billionaires enjoyed substantial gains from their well-diversified portfolios, their Nigerian counterparts bore the brunt of devaluations.
Remgro, controlled by Africa’s richest man, increases stake in Heineken
Rupert, Africa’s wealthiest individual, holds a 6.87-percent stake in Remgro, valued at more than $357.2 million.
South African billionaire Laurie Dippenaar sees $45.6-million surge in FirstRand stake in 46 days
Dippenaar owns a 1.76-percent stake in FirstRand, which translates to 98,726,988 shares.
7 assets owned by South African furniture tycoon Eric Ellerine
After South African furniture retail tycoon Eric Ellerine sold off his shares in Ellerines, he established his family office that invests in malls, private equity and listed equities.
Swazi billionaire Natie Kirsh’s fortune rebounds with $260-million surge in 26 days
This substantial surge in Kirsh’s fortune marks a significant turnaround following a slump of $170 million earlier this year.
South African billionaire Christo Wiese’s Brait injects fresh capital into Virgin Active
Back in 2015, Brait, under the leadership of Wiese, acquired an 80-percent stake in Virgin Active for $862.8 million.
South African tycoon Roux Shabangu constructs Shopping mall in KwaZulu-Natal
Shabangu, one of South Africa’s wealthiest men, is building the mall in partnership with Moolman Group, Twin City, and Green Giraffe.
South African-born billionaire Patrick Soon-Shiong sees net worth slump by $860 million in 54 days
The decline in Soon-Shiong’s fortune can be attributed to the drop in the market value of his 80-percent stake in ImmunityBio.
South African tycoon Neal Froneman’s Sibanye-Stillwater shifts focus to lithium projects
Froneman announced the company’s shift in focus during his speech at the London Indaba conference earlier this week.