South African tycoon Zunaid Moti steps down from business empire over fraud charges
Moti is the founder of Moti Group, a large South African conglomerate.
Southern Africa
Zimbabwean tobacco tycoon Simon Rudland to sue Al-Jazeera over gold smuggling allegations
Rudland is the owner of Gold Leaf Tobacco, one of the most popular cigarette brands in Southern Africa.
Swazi billionaire Natie Kirsh bounces back with $230 million gain after early 2023 losses
Kirsh also owns 54 percent of Sydney-based Abacus Property Group.
South African executive Alan Pullinger loses $1.8 million from investment in FirstRand
Pullinger holds a 0.1-percent stake in the Gauteng-based financial services provider.
South African billionaire Nicky Oppenheimer has now gained $325 million since start of 2023
Oppenheimer is also a passionate advocate for wilderness conservation.
Hitesh Anadkat, one of Malawi’s richest businessmen, amasses $73-million fortune in one year through FMB Capital stake
Anadkat’s stake in FMB Capital has risen significantly, firmly establishing him as one of Malawi’s richest men.
South African-born billionaire Patrick Soon-Shiong has now lost $820 million so far in 2023
Soon-Shiong is best known for developing the cancer treatment Abraxane.
Zimbabwean billionaire Strive Masiyiwa’s Liquid acquires Cairo-based cybersecurity provider, Cysiv MEA
Masiyiwa’s Liquid Intelligent Technologies plans to augment its cloud and cybersecurity identity with Cysiv MEA integration.
South African tycoon Jonathan Jawno’s Transaction Capital expects earnings to fall by 41 percent in H1 2023
Transaction Capital is a South African financial services group co-founded and led by Jawno.
Tymebank breaks new ground with 6.2 million customers thanks to Patrice Motsepe’s ARC support
TymeBank is owned in part by ARC Financial Services Holding, a Black-owned and -controlled company linked to Motsepe.
South African mogul Mark Lamberti’s Massmart provides solar energy financing options to customers
Massmart Holdings was founded by the prominent South African businessman more than 30 years ago.
Zimbabwean billionaire Strive Masiyiwa’s ADC inks 20-year solar energy deal with Distributed Power Africa
ADC is a carrier-neutral data center provider that is affiliated with Masiyiwa’s Cassava Technologies.
South African billionaire Michiel Le Roux’s Capitec Bank reaches 20-million clients milestone
Le Roux owns 11.41 percent of the Stellenbosch-based financial services provider.
Koos Bekker’s Naspers closes $100-million fund days after Silicon Valley Bank’s collapse
Shares rise 1.3 percent after Naspers shuts down its $100-million venture capital fund.
South African billionaire Christo Wiese’s Brait to list Premier on JSE on March 24
Wiese derives the majority of his fortune from Shoprite.
5 South African billionaires at risk of losing millions of dollars as rand depreciates against U.S. dollar
The depreciation of the rand could potentially threaten the net worth of South African billionaires and millionaires.