South African tycoon Sipho Maseko hits roadblock as Telkom rejects latest bid
Last week, Maseko supported by the Public Investment Corporation, presented a bold bid to acquire a 35-percent stake in Telkom.
Southern Africa
South African billionaire Christo Wiese secures green light for lawsuit to reclaim wine estate
This approval comes nearly two years after Wiese initiated legal proceedings against the disgraced tycoon.
South African billionaire Stephen Saad rakes in $132 million as Aspen shares skyrocket
With a net worth of $1.2 billion, Saad’s 12.5-percent stake in Aspen Pharmacare accounts for a significant portion of his wealth.
Hitesh Anadkat, one of Malawi’s richest men, amasses $91.8 million in 2023 from FMB Capital stake
Since the start of this year, Anadkat has amassed over $90 million through his shares in FMB Capital.
South African billionaire Ivan Glasenberg set to acquire Italian bicycle maker, Pinarello
Glasenberg ranks among the world’s richest individuals, ranking 283rd on the Bloomberg Billionaires Index.
South African billionaire Michiel Le Roux faces $251-million loss as Capitec Bank shares decline
Despite the decline in the market value of his stake in the bank, Le Roux remains one of the wealthiest businessmen in South Africa.
South African-born billionaire Patrick Soon-Shiong’s net worth surpasses $9 billion
Soon-Shiong’s present net worth is still lower than the $9.93 billion that he held on May 8.
South African billionaire Patrice Motsepe-linked TymeBank surpasses 7 million customers
TymeBank is a South African digital-only bank controlled by Africa’s first Black billionaire.
CEO of MTN, Africa’s largest telecom group, rakes in $1.1-million salary in 2022
Ralph Mupita’s annual remuneration dropped significantly to $1.13 million in 2022, compared to the $1.4 million he received in 2021.
CEO of Africa’s largest bank Alan Pullinger nets $1.6-million gain in nine days
Pullinger holds a 0.1-percent stake in FirstRand.
Swazi billionaire Natie Kirsh hit hard as year-to-date wealth losses surpass $170 million
Kirsh’s stake in Jetro Holdings is worth $4.76 billion, accounting for the majority of his $7.28-billion fortune.
South African tech tycoon Zak Calisto scores $60-million gain as Karooooo shares surge
Calisto’s stake in Karooooo has risen by an impressive $60.6 million, growing by 12.5 percent from $485.7 million to $546.3 million.
South African billionaire Koos Bekker loses $26.4 million as Naspers shares decline
Bekker is one of the richest businessmen in South Africa and the entire African continent.
South Africa’s Ackerman family suffers $157-million loss from Pick ‘n Pay stake
Despite this setback, the Ackerman family remains among the country’s richest families and top investors on the local bourse.
Wealth decline continues for Africa’s first Black billionaire Patrice Motsepe, as he loses another $100 million
The decline in Motsepe’s wealth can be attributed to the sustained drop in the share price of African Rainbow Minerals.
Billionaire Christo Wiese-linked retailer files for Dutch court approval for debt restructuring
Wiese-linked retailer Steinhoff files for Dutch court approval for debt restructuring as it looks to regain stability.