South African billionaire Michiel Le Roux suffers $100-million loss in 24 days
This significant plunge has caused his net worth to slump from $1.2 billion on Oct. 21 to $1.1 billion at the time of this report.
Southern Africa
15 richest investors on the Zimbabwe Stock Exchange
These investors, ranging from entrepreneurs like Michael Fowler to international figures like Nicholas Van Hoogstraten, contribute significantly to Zimbabwe’s economy.
South African tycoon Jonathan Jawno gains $7.1 million from stake in Transactional Capital
Jonathan Jawno, a founding member of Transaction Capital, owns a significant 9.59-percent stake in the investment holding.
South African billionaire Stephen Saad suffers $28-million loss in 10 days
South African billionaire and pharmaceutical tycoon, Stephen Saad’s stake in Durban-based pharmaceutical company Aspen Pharmacare Holdings has declined by more than $28…
South African tycoon Sipho Nkosi steps down from Sasol
Nkosi, a stalwart in South Africa’s business arena, has left an indelible mark on the corporate landscape, having held pivotal roles on the boards of companies.
South African billionaire Johann Rupert’s Richemont posts $2.3-billion half-year profit
Richemont led by Rupert and celebrated for its premium brands posted a modest three-percent increase in profit.
South African banker Alan Pullinger gains $1 million from FirstRand stake
Pullinger, a leading business executive in South Africa holds a minority stake of approximately 0.1 percent in FirstRand.
15 richest people on the Botswana Stock Exchange
Meet the 15 individuals who own the highest stock ownership positions on the Botswana Stock Exchange.
10 richest people on the Malawi Stock Exchange
Prominent figures benefiting significantly from the recent bullish trend on the Malawi Stock Exchange include Hitesh Anadkat and Thom Mpinganjira.
10 richest people on the Namibia Stock Exchange
The valuation of their substantial stock holdings is based on the closing prices as of Nov. 10, converted into U.S. dollars using prevailing exchange rates.
Sappi names South African business mogul Nkululeko Sowazi as new chair
South African tycoon Nkululeko Sowazi, a multifaceted leader with a storied business portfolio, primed to navigate Sappi’s strategic revival.
Nigerian billionaire’s fintech company secures Malawi license for global transactions
Flutterwave has gained prominence in the fintech sector under the leadership of Nigerian billionaire Olugbenga Agboola.
Swazi billionaire Natie Kirsh gains $170 million in 19 days
Natie Kirsh’s fortune experienced a surge of $170 million in just 19 days, rising from $6.99 billion on October 21 to $7.16 billion on November 9.
5 richest retail tycoons in South Africa
The transformation of South Africa’s retail landscape owes its momentum to billionaire proprietors and executives who have ascended to unprecedented heights.
Patrice Motsepe retains top spot as South Africa’s wealthiest investor on JSE
The recent list highlights that Motsepe’s equity portfolio on the JSE is presently estimated at $1.58 billion.
Namibian tycoon Quinton van Rooyen loses nearly $10 million in just nine days
Quinton van Rooyen, who owns a 63.94 percent stake in Trustco Group, is regarded as one of Namibia’s wealthiest individuals.