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.
Southern Africa
South African gaming tycoon Martin Moshal grants $560,000 to ActionSA
Moshal: A visionary entrepreneur and philanthropist making waves in Africa’s education and political landscape.
Neal Froneman leads Sibanye to green future with wind energy deal
Froneman leads Sibanye-Stillwater to a green milestone, secures wind energy deal for carbon neutrality by 2040.
South African tycoon Sipho Maseko locks in $608 million to acquire Telkom stake
Maseko secures $608 million in financing for a game-changing Telkom stake acquisition.
Zimbabwe’s richest man Strive Masiyiwa sees net worth decline by $100 million
Despite the recent setback, Masiyiwa’s net worth is still up by a remarkable $900 million since the start of the year.
Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.
South African banker Alan Pullinger hit by $2.2 million in losses amid FirstRand share decline
Pullinger takes a hit with losses exceeding $2 million amid FirstRand’s share decline.
South African businessman Barry Swartzberg’s stake in Discovery plummets by $20.6 million
Swartzberg owns a 3.92-percent stake in the Sandton-based financial services group.
South Africa’s richest man Johann Rupert’s net worth declines by $800 million in 11 days
Rupert has seen his net worth slide by $800 million amid Richemont’s share slump.
South African-born billionaire Patrick Soon-Shiong’s fortune plunges by $1.1 billion in 16 days
Soon-Shiong’s net worth plunges by $1.1 billion due to the declining value of ImmunityBio shares.
U.S. President Joe Biden commits $300-million credit facility to Strive Masiyiwa’s ADC
Owned by Zimbabwean billionaire Strive Masiyiwa, ADC is a carrier-neutral data center provider affiliated with Cassava Technologies.
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
10 companies owned by Uganda’s richest man Sudhir Ruparelia
These are 10 companies owned by Uganda’s richest man.
Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Isabel dos Santos dragged into $400-million London lawsuit
Isabel dos Santos’ company, Unitel International Holdings, is being sued over its non-repayment of loans that totaled more than $400 million.
Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.