South African billionaire Michiel Le Roux’s Capitec Bank secures license for life insurance business
Le Roux owns 11.41 percent of the South African bank.
Southern Africa
Neal Froneman-led Sibanye-Stillwater becomes majority owner of Finnish battery maker, Keliber
Froneman owns a 0.074-percent stake in Sibanye-Stillwater.
South Africa’s richest man Johann Rupert loses $1.05 billion in September
The billion-dollar drop in his net worth brings his year-to-date wealth loss to $3.55 billion.
South African exec Piet Mouton to pocket $5.2 million in interim dividends from Capitec Bank
Mouton’s 5.78-percent stake in the bank is worth $600 million.
South African billionaire Michiel Le Roux to pocket $10.2 million in interim dividends from Capitec Bank
Through his stake in Capitec Bank, Le Roux ranks as one of South Africa’s richest men.
South African businesswoman Noluthando Gosa loses $7.8 million in nine weeks
Gosa has a beneficial 6.15-percent stake in the Gauteng-based steelmaker.
Portuguese telecom group Sonaecom ends partnership with Angolan billionaire Isabel dos Santos
Dos Santos is the daughter of Angola’s former president.
South African billionaire banker Michiel Le Roux’s Capitec posts over $255 million in profit in H1 2022
Le Roux owns a sizable 11.41-percent stake in Capitec Bank.
Namibian tycoon Koos Brandt’s Capricorn Group spends nearly $1 million on charity
This represents 1.3 percent of the group’s profit after tax for the period under review.
Swazi billionaire Natie Kirsh has now lost $640 million in 15 days
Kirsh is Eswatini’s richest man.
Namibian tycoon Quinton van Rooyen’s Trustco files lawsuit against Bank of Namibia
Van Rooyen owns 63.94 percent of Trustco.
Johann Rupert-led Remgro plans to unbundle 25-percent stake in Grindrod to shareholders
Grindrod is a freight logistics and shipping services company owned in part by Remgro.
South African exec Josua Malherbe loses $1.4 million from Remgro stake in 17 weeks
Malherbe owns a beneficial 0.21-percent stake in the investment holding.
HRH QUEEN ER II: Death and Succession
There is a well-known phrase that states that “nothing is certain but death and taxes.”
Botswana magnate Chandra Chauhan-led Sefalana reports marginal profit growth as revenue surges above $570 million
Chauhan owns a 5.53-percent equity stake in the company.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million to $2.6 billion
Motsepe’s net worth has dropped by $500 million since the start of the year.