South Africa’s richest man Johann Rupert’s net worth slumps by $1.05 billion
The recent drop in his net worth brings his year-to-date wealth loss to $2.79 billion.
Southern Africa
Iain Williamson-led Old Mutual looks set to acquire South African insurer, Genric
The deal is still subject to regulatory approval.
Zimbabwean mogul John Moxon’s Meikles records $11 million in profits in 2022
Meikles is a Zimbabwean conglomerate with a diversified portfolio of investments.
Malawian tycoon Hitesh Anadkat loses more than $38 million in 110 days from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
South African billionaire Patrice Motsepe to pocket $103-million in dividends from ARM
Patrice Motsepe is Southern Africa’s richest Black person.
South African billionaire Patrice Motsepe’s ARM reports lower earnings and revenue as iron ore prices decrease
ARM is a major South African mining and minerals company.
South African pharma billionaire Stephen Saad’s Aspen signs vaccines deal with India’s Serum Institute
Saad owns a 12.5-percent stake in Aspen worth $566 million.
Zimbabwean businessman Zinona Koudounaris loses over $53 million in 18 weeks from stake in Axia Corp
Koudounaris still ranks as one of the richest investors on the Zimbabwe Stock Exchange.
South African billionaire Nicky Oppenheimer gains $130 million in August
Oppenheimer’s net worth rose from $8.3 billion to $8.43 billion.
Walmart to buy remaining stake in South African mogul Mark Lamberti’s Massmart for $377 million
If shareholders agree, the retailer will be delisted from the Johannesburg Stock Exchange.
South African billionaire Nicky Oppenheimer-linked Tana Africa invests in Sundry Markets
Sundry Markets was founded nearly seven years ago by Nigerian businessman Ebele Enunwa.
South African tech tycoon Jens Montanana loses over $9 million in 10 days from stake in Datatec
Montanana founded Datatec more than 35 years ago.
South African billionaire Johann Rupert’s Richemont to sell stake in loss-making YNAP to Fartech, Emirati tycoon
Richemont will examine the fair value write down pertaining to its investment in YNAP at $2.7 billion.
Zimbabwean billionaire Strive Masiyiwa’s net worth slumps by $3.1 billion in nearly four months
Masiyiwa’s fortune is made up of his 52.85-percent stake in Econet Zimbabwe and 30-percent stake in EcoCash Holding.
South African-born billionaire Patrick Soon-Shiong rents out part of vaccine plant as demand declines
Earlier this year, ImmunityBio opened a plant in South Africa under the name Nant SA.
South African mogul Adrian Gore’s Discovery partners with BlackRock to launch new asset management entity
Gore revealed that the move is a strategic attempt to deliver value.