Zambian banker Saviour Chibiya’s salary at Absa tops $1 million
Chibiya’s leadership and contributions to Absa Group’s success testify to his position in the financial services sector.
Southern Africa
5 companies linked to South African businessman Mteto Nyati
In the South African business landscape, Nyati stands tall as a prominent figure, leaving an indelible mark on the corporate landscape.
South African exec Kennedy Bungane-led African Bank expands with $170-million Sasfin unit acquisition
This acquisition follows African Bank’s earlier acquisition of Grindrod Bank and Grindrod Financial Holdings.
South African tycoon Fleetwood Grobler’s Sasol faces hurdle in $77-million deal
In recent times, Fleetwood Grobler, a minority shareholder in Sasol, has been leading Sasol’s transition toward cleaner and renewable energy strategies.
South African tycoon Markus Jooste receives 20-year ban from holding directorship in JSE-listed companies
Jooste, 62, is a South African businessman and the former CEO of Steinhoff International.
Swazi billionaire Natie Kirsh sees net worth dip by $170 million, returning to $7.1 billion
Kirsh Group, the holding company for Kirsh’s investments, also saw its value dip by $100 million, falling from $305 million to $205 million.
4 companies linked to South African businessman Johan Burger
Beyond his leadership contributions at FirstRand, Burger owns a 0.11-percent minority stake in FirstRand.
South African tycoon Gerrie Fourie nets over $4 million in just 10 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank.
Patrice Motsepe’s ARC increases stake in freight platform Linebooker
Motsepe owns an indirect 27-percent stake in African Rainbow Capital Investments.
South African billionaire Christo Wiese-linked retailer, Steinhoff, faces liquidation
Wiese’s link with Steinhoff traces back to 2012 when he exchanged the historic Lanzerac wine estate for $11 million worth of Steinhoff shares.
Philip Tobias: South African executive leading Patrice Motsepe’s billion-dollar group
In recent years, Tobias has established himself as a renowned mining engineer with extensive industry expertise.
South African billionaire Patrice Motsepe’s TymeBank hits 8 million customers
Motsepe boasts a net worth of $2.2 billion, making him the richest Black billionaire in Southern Africa.
South African executive Mike Schmidt earns $4.5-million salary at ARM in 2022
Schmidt was CEO and executive director at ARM from 2011 to 2023. During his tenure, he led ARM to impressive financial milestones.
5 organizations linked to Kgalema Motlanthe, South Africa’s third president
Motlanthe’s influence extends to several organizations, and here are five prominent ones where he holds substantial ownership or influential board positions.
South African tycoon Eric Ellerine suffers $5.4-million loss from Sabvest Capital stake
Ellerine owns a 9.52-percent stake in Sabvest Capital, making him the second-largest shareholder in the investment holding company.
South African executive Richard Stewart earns $3.1-million salary from Sibanye-Stillwater
Stewart transitioned to the role of chief regional officer in May 2022 after serving as the group’s COO from December 2020 to April 2022.