CEO of MTN, Africa’s largest telecom group, rakes in $1.1-million salary in 2022
Ralph Mupita’s annual remuneration dropped significantly to $1.13 million in 2022, compared to the $1.4 million he received in 2021.
Southern Africa
CEO of Africa’s largest bank Alan Pullinger nets $1.6-million gain in nine days
Pullinger holds a 0.1-percent stake in FirstRand.
Swazi billionaire Natie Kirsh hit hard as year-to-date wealth losses surpass $170 million
Kirsh’s stake in Jetro Holdings is worth $4.76 billion, accounting for the majority of his $7.28-billion fortune.
South African tech tycoon Zak Calisto scores $60-million gain as Karooooo shares surge
Calisto’s stake in Karooooo has risen by an impressive $60.6 million, growing by 12.5 percent from $485.7 million to $546.3 million.
South African billionaire Koos Bekker loses $26.4 million as Naspers shares decline
Bekker is one of the richest businessmen in South Africa and the entire African continent.
South Africa’s Ackerman family suffers $157-million loss from Pick ‘n Pay stake
Despite this setback, the Ackerman family remains among the country’s richest families and top investors on the local bourse.
Wealth decline continues for Africa’s first Black billionaire Patrice Motsepe, as he loses another $100 million
The decline in Motsepe’s wealth can be attributed to the sustained drop in the share price of African Rainbow Minerals.
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.
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.