South African tycoon Jens Montanana’s stake in Datatec loses $30 million in eight weeks
Montanana founded Datatec in 1986.
Southern Africa
South African billionaire Johann Rupert’s Richemont set to benefit from Middle East’s luxury market
Richemont is a Swiss luxury holding company.
South African billionaire Johann Rupert gains $400 million in first week of 2023
Rupert derives most of his wealth from his 9.14-percent stake in Richemont
Patrice Motsepe’s ARM stake value jumps $212.5 million thanks to success on JSE
ARM is South Africa’s first Black-owned mining company.
Meet Zambian entrepreneur breaking barriers with Africa’s first card-issuing platform
Mlambo’s vision for Union54 is to scale its operations and improve access to financial services in Africa.
Meet Namibia-based entrepreneur who secured $15 million in funding for his startup
David Akinin established JABU to improve Namibia’s inefficient supply chain and distribution channels.
Nicky Oppenheimer’s wealth rebounds, pushing year-to-date gains to $125 million
The bump in Oppenheimer’s wealth solidifies his position as one of Africa’s wealthiest billionaires.
Swazi billionaire’s fortune sees unexpected $100-million recovery after major drop
The majority of Natie Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings.
Angola Supreme Court orders seizure of $1 billion in assets belonging to Isabel dos Santos
Dos Santos was once considered Africa’s wealthiest woman.
Billionaire Patrice Motsepe’s ARM faces $195-million lawsuit from Tanzania’s Pula
Motsepe owns a 39.7-percent stake in ARM.
South African exec David Hurwitz sells $3 million in shares in Transaction Capital
Hurwitz’s stake in Transaction Capital has decreased to 2,500,965 shares.
South African billionaire Johann Rupert loses $300 million in December
The market value of Rupert’s stake in Richemont fell rom $7.71 billion to $7.54 billion in December alone.
TFG, led by South African tycoon Michael Lewis, acquires Street Fever to bolster footwear offerings
Lewis played a pivotal role in the growth and success of TFG.
Christo Wiese-linked retailer, Steinhoff, gains 13-percent after market cap sheds $270 million
Wiese is a South African billionaire and retail tycoon who played a key role in the growth and expansion of Shoprite.
Meet Zimbabwean entrepreneur who secured $3 million in funding for his fintech startup this year
Prior to founding ImaliPay in September 2020, Tantenda Furusa worked as a senior manager at Cellulant.
Christo Wiese-linked retailer Steinhoff loses $271.7 million on news of debt maturity extension
Wiese is a South African billionaire and retail tycoon.