Neal Froneman’s Sibanye-Stillwater boosts dollar-denominated facility to $1 billion
Sibanye-Stillwater is a multinational precious metal mining company.
Southern Africa
South African tycoon Noluthando Gosa suffers $6.3-million loss from stake in steelmaker
Gosa holds a 6.15-percent stake in Gauteng-based steelmaker, ArcelorMittal South Africa.
Cape Town-based entrepreneur Rahul Jain’s fintech firm raises $31 million
Peach Payments processes more than $54.6 million per month for its merchant.
Strive Masiyiwa’s Econet Zimbabwe to raise $30.3 million to redeem outstanding debentures
Masiyiwa commands a significant equity holding of 52.85 percent in Econet Zimbabwe.
South African billionaire Saltzman family gains $42 million in 25 days
The Saltzman family owns a beneficial 45.2-percent stake in Dis-Chem Pharmacies.
Billionaire Johann Rupert gains $1.81 billion, net worth nears $13 billion
Rupert is the richest man in South Africa,
Botswana-based businessman Jonathan Gibson fortune skyrockets by $3.3 million
Gibson owns a 35.6-percent stake in Chobe Holdings, a Gaborone-based tourism firm listed on the Botswana Stock Exchange.
John Moxon’s stake yields $18.4 million in 14 weeks, cementing his status as one of Zimbabwe’s top investors
Moxon owns a 10.8-percent stake in Meikles Limited.
Strive Masiyiwa, Zimbabwe’s wealthiest man, bounces back with $800-million net worth increase
Masiyiwa derives a portion of his fortune from his stake in Econet Zimbabwe.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million in 2023
Motsepe remains the richest Black person in Southern Africa.
Shoprite, linked to billionaire Christo Wiese, launches first apparel store in South Africa
Shoprite Holdings is Africa’s largest supermarket group.
Wealth disparity in Africa: Only 138,400 Africans are worth more than $1 million of 1.4 billion people
This highlights the significant wealth gap that exists in Africa, where a privileged minority holds a disproportionate amount of wealth.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Zambia
Liquid C2 operates as a subsidiary of Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent Technologies.
South African billionaire Johann Rupert’s Richemont takes on luxury theft
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
South African billionaire Koos Bekker sells off Prosus shares worth $190 million
Bekker is chairman of media giants Naspers and Prosus.
South African defense tycoon Ivor Ichikowitz’s Paramount to make helicopter blades
Paramount Group was founded by Ichikowitz in South Africa in 1994.