Disgraced South African Mogul Markus Jooste to face trial in Germany in April
Nearly two weeks ago, Jooste was served two fines totaling $882,000.
Southern Africa
Botswana billionaire Ramachandran Ottapathu’s Choppies makes move to acquire Kamoso Africa
Choppies Enterprises is a Gaborone-based supermarket chain.
Zimbabwe’s richest man Strive Masiyiwa gains $700 million in 27 days
Masiyiwa owns 52.85 percent of Econet Zimbabwe.
Patrice Motsepe-backed TymeBank targets 28 million customers via partnership with TFG
TymeBank is partly owned by Motsepe’s African Rainbow Capital (ARC) Financial Services Holding.
Cape Town-based entrepreneur Cordel Robbin-Coker’s gaming startup raises $27 million
Carry1st is a South African mobile gaming startup.
South African pharma tycoon Stephen Saad gains $37.1 million from Aspen shares
Saad owns a significant 12.5-percent stake in Aspen Pharmacare Holdings.
Nicky Oppenheimer’s net worth skyrockets by $200 million in just 21 days
Oppenheimer has seen his net worth soar from $8.03 billion at the start of the year to $8.23 billion.
South African mogul Zak Calisto’s Karooooo posts $26 million in earnings in 9M 2023
Calisto founded Karooooo in 2001.
19 days into 2023, South Africa’s richest billionaire already $1.2-billion richer
The $1-2 billion increase cements his position as South Africa’s richest billionaire.
Johann Rupert’s Richemont surpasses $16 billion in sales in 9M 2023
Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
Billionaire El-Sewedy family loses $36 million amid Egyptian pound depreciation
The El-Sewedy family owns a 68-percent stake in Elsewedy Electric.
Neal Froneman: Sibanye-Stillwater’s proposed unit to secure $700 million from U.S. gov’t
Froneman owns a 0.074-percent stake in Sibanye-Stillwater.
Swazi billionaire Natie Kirsh’s net worth surges by $157 million
Kirsh derives the majority of his fortune from Kirsh Group and Jetro Holdings.
South African billionaire Christo Wiese’s stake in Shoprite jumps $67 million in 16 days
Wiese owns 11.63 percent of Shoprite Holdings, Africa’s largest retailer.
South billionaire Koos Bekker gains $50 million as JSE hits all-time high
The South African billionaire controls 0.96 percent of Naspers.
Disgraced South African mogul Markus Jooste barred from boardrooms for 20 years
Jooste was found to have violated listing requirements.