South African mogul Andries Brink’s 42Markets secures $10 million in funding
42Markets is a financial and capital markets fintech investment group.
Southern Africa
South African billionaire Koos Bekker’s net worth takes a hit, drops by $100 million
Bekker recently sold $190.4 million worth of Prosus shares via a family trust to finance the development of hotels in various countries.
Michiel Le Roux to pocket $20.12 million in dividends from Capitec
The $20.12-million dividend brings Le Roux’s total dividend earnings for the 2022 fiscal year to $30.2 million.
Swazi billionaire Natie Kirsh’s fortune rises by $72.9 million, cementing status as one of Africa’s richest men
Kirsh has seen his net worth drop by $72.9 million since the start of the year.
Disgraced South African billionaire faces arrest after skipping German court hearing
Jooste is the face of South Africa’s largest private sector fraud scandal.
Michiel Le Roux’s Capitec shines with over $531 million in profit in 2023
Under Le Roux, Capitec Bank has grown into one of the world’s most reputable retail banking brands.
South Africa’s richest man Johann Rupert crosses $13-billion net worth milestone
Rupert is the richest man in South Africa and the second-richest billionaire on the African continent.
Strive Masiyiwa’s net worth dips by $100 million after $800-million rise
Masiyiwa derives a significant portion of his billion-dollar fortune from his holdings in Econet Zimbabwe and EcoCash Holdings.
Botswana tycoon Gulaam Abdoola’s Turnstar projects record earnings of over $10 million
Turnstar Holdings continues to deliver innovative and high-quality real estate solutions.
Sasol, led by Fleetwood Grobler, takes bold steps into energy transition
Grobler has a minority stake in the South African integrated energy and chemicals conglomerate.
Neal Froneman’s Sibanye-Stillwater to extend funding to Australian company
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
Deon Nobrega’s Paymenow secures $14-million debt facility with RMB backing
Paymenow is a Stellenbosch-based financial wellness platform.
Neal Froneman’s Sibanye-Stillwater boosts dollar-denominated facility to $1 billion
Sibanye-Stillwater is a multinational precious metal mining company.
South African tycoon Noluthando Gosa suffers $6.3-million loss from stake in steelmaker
Gosa holds a 6.15-percent stake in Gauteng-based steelmaker, ArcelorMittal South Africa.
Cape Town-based entrepreneur Rahul Jain’s fintech firm raises $31 million
Peach Payments processes more than $54.6 million per month for its merchant.
Strive Masiyiwa’s Econet Zimbabwe to raise $30.3 million to redeem outstanding debentures
Masiyiwa commands a significant equity holding of 52.85 percent in Econet Zimbabwe.