South Africa’s richest man Johann Rupert loses another $800 million in 18 days
Despite this recent setback, Rupert retains his status as South Africa’s richest individual, surpassing fellow South African magnate Nicky Oppenheimer.
Southern Africa
South African banker Laurie Dippenaar loses $24 million from FirstRand shares
Dippenaar’s 1.76-percent stake in FirstRand is now worth $316.9 million.
Hitesh Anadkat, one of Malawi’s richest men, loses $22.65 million in 21 days
Anadkat presently owns an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
5 companies linked to South African business executive Maria Ramos
Before joining AngloGold Ashanti, Ramos was the CEO of Absa Group Limited, a key player in Africa’s financial services sector.
South African exec Mark Blair faces pay cut as Mr. Price misses financial goals
The decline in Blair’s remuneration underscores the complex relationship between executive compensation and a company’s financial performance.
South African exec Roy Bagattini earns $1.7-million salary from Woolworths in 2023
In addition to his executive and governance responsibilities, Roy Bagattini holds a minority stake of 0.158 percent in Woolworths Holdings.
South African businessman Gus Attridge loses $11.96 million in 24 days
Attridge, Aspen’s group chief advisor, who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
Michael Jordan, worth $3 billion, now ranks as world’s sixth-richest Black individual
With a net worth of $3 billion, only five Black individuals globally surpass Jordan’s financial standing.
South African billionaire Stephen Saad suffers over $100-million loss in just 72 days
Saad, who founded Aspen in 1997, owns a 12.5-percent stake, or 57,151,972 ordinary shares, in the branded pharmaceutical holding company.
South African tycoon Andre Du Plessis suffers $9-million loss from Capitec stake
Du Plessis, a prominent South African businessman and co-founder of Capitec Bank, owns a beneficial 0.78-percent stake in the leading retail bank.
Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
South African billionaire Jannie Mouton faces $43-million loss from Capitec stake
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
4,095 South African jobs at risk as Neal Froneman-led Sibanye unveils restructuring plan
Sibanye-Stillwater has grown into a leader in the mining industry under the leadership of South African businessman Neal Froneman.
South African tycoon Jonathan Jawno rakes in $2.6 million in 26 days
South African businessman Jonathan Jawno’s stake in Transaction Capital is now worth $18.6 million.
South African exec Bill Blackie’s salary at Standard Bank amounts to $2.1 million
Blackie has been leading Standard Bank’s business and commercial banking unit since 2022.
Billionaire movie mogul Tyler Perry signs multimillion-dollar deal with Netflix
Perry’s latest partnership with Netflix marks a new chapter in his illustrious career, promising an exciting array of content for global audiences.