Pick ‘n Pay, led by South African Ackerman family, registers $64 million in profit in 2023
The Ackerman family owns a sizable 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.
Southern Africa
Strive Masiyiwa rejoins exclusive club of billionaires with $2-billion net worth
Masiyiwa’s billion-dollar fortune is partly derived from his ownership of a 52.85-percent stake in Econet Zimbabwe.
U.S. court orders disgraced South African tycoon to pay $3.4 billion for forex fraud
The alleged victims include about 23,000 people from the United States — more than 1,300 of whom are from Texas.
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $500 million
Soon-Shiong’s net worth is still down by $287 million since the start of the year.
South African mogul Andries Brink’s 42Markets secures $10 million in funding
42Markets is a financial and capital markets fintech investment group.
South African billionaire Koos Bekker’s net worth takes a hit, drops by $100 million
Bekker recently sold $190.4 million worth of Prosus shares via a family trust to finance the development of hotels in various countries.
Michiel Le Roux to pocket $20.12 million in dividends from Capitec
The $20.12-million dividend brings Le Roux’s total dividend earnings for the 2022 fiscal year to $30.2 million.
Swazi billionaire Natie Kirsh’s fortune rises by $72.9 million, cementing status as one of Africa’s richest men
Kirsh has seen his net worth drop by $72.9 million since the start of the year.
Disgraced South African billionaire faces arrest after skipping German court hearing
Jooste is the face of South Africa’s largest private sector fraud scandal.
Michiel Le Roux’s Capitec shines with over $531 million in profit in 2023
Under Le Roux, Capitec Bank has grown into one of the world’s most reputable retail banking brands.
South Africa’s richest man Johann Rupert crosses $13-billion net worth milestone
Rupert is the richest man in South Africa and the second-richest billionaire on the African continent.
Strive Masiyiwa’s net worth dips by $100 million after $800-million rise
Masiyiwa derives a significant portion of his billion-dollar fortune from his holdings in Econet Zimbabwe and EcoCash Holdings.
Botswana tycoon Gulaam Abdoola’s Turnstar projects record earnings of over $10 million
Turnstar Holdings continues to deliver innovative and high-quality real estate solutions.
Sasol, led by Fleetwood Grobler, takes bold steps into energy transition
Grobler has a minority stake in the South African integrated energy and chemicals conglomerate.
Neal Froneman’s Sibanye-Stillwater to extend funding to Australian company
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
Deon Nobrega’s Paymenow secures $14-million debt facility with RMB backing
Paymenow is a Stellenbosch-based financial wellness platform.