Types of family businesses: Eternus?
The Eternus family business, like the James Bond type, is led by an authoritarian family leader.
Southern Africa
South African exec Mike Teke’s Seriti Resources to invest $730 million in wind farm
The investment is a watershed moment for Seriti.
South African-born billionaire Patrick Soon-Shiong’s net worth sheds $290 million in six days
His biotech company’s share price has dropped by more than 15 percent in the past six days.
Led by South African mogul Koos Bekker, Prosus N.V. acquires stake in Brazilian food delivery platform
Prosus N.V. was founded in 1997.
South African executive Nombasa Tsengwa says investment in green minerals ‘urgent’
Tsengwa became the group CEO of Exxaro Resources in March 2021.
South Africa approves acquisition of Bokoni Mine by billionaire Patrice Motsepe’s ARM
The mining company announced that the multimillion-dollar transaction will go into effect on Sept. 1.
Zimbabwean billionaire Strive Masiyiwa’s Liquid acquires Israeli tech firm, Telrad
Liquid’s cloud solutions have expanded rapidly under Masiyiwa’s leadership.
South Africa’s richest man Johann Rupert suffers $290-million wealth loss
The multimillion-dollar drop in his net worth can be attributed to the performance of his 9.14-percent stake in Richemont.
South African billionaire Michiel Le Roux’s stake in Capitec Bank surges above $1.7 billion
The billionaire has recorded an impressive $149-million surge in the value of his stake in the past 16 days.
July Ndlovu-led Thungela posts record profit of $585 million as coal price soars
Thungela is a market leader in the production and export of high-quality, low-cost thermal coal.
Types of family businesses: James Bond?
In the James Bond family business type, the sole family member in the business is the founder.
Led by South African exec Mike Teke, Seriti Resources acquires majority stake in Windlab Africa
Teke is the founder of Masimong Group and one of Seriti Resources Holdings’ four shareholders.
Led by South African mogul Neal Froneman, Sibanye-Stillwater slashes output target for U.S. mines
The news comes nearly two months after it suspended operations in Montana for seven weeks.
Led by South African Mouton family, PSG embarks on strategic restructuring
The South African Mouton family owns 24.5 percent of the company.
South African billionaire Johann Rupert-linked SEACOM partners with BT Group
Seacom is privately funded and 75 percent African-owned.
South African tech tycoon Zak Calisto gains $166 million in four weeks
Calisto is one of Africa’s richest tech entrepreneurs.