South African billionaire Johann Rupert loses $300 million in December
The market value of Rupert’s stake in Richemont fell rom $7.71 billion to $7.54 billion in December alone.
Southern Africa
TFG, led by South African tycoon Michael Lewis, acquires Street Fever to bolster footwear offerings
Lewis played a pivotal role in the growth and success of TFG.
Christo Wiese-linked retailer, Steinhoff, gains 13-percent after market cap sheds $270 million
Wiese is a South African billionaire and retail tycoon who played a key role in the growth and expansion of Shoprite.
Meet Zimbabwean entrepreneur who secured $3 million in funding for his fintech startup this year
Prior to founding ImaliPay in September 2020, Tantenda Furusa worked as a senior manager at Cellulant.
Christo Wiese-linked retailer Steinhoff loses $271.7 million on news of debt maturity extension
Wiese is a South African billionaire and retail tycoon.
Meet South African entrepreneur who sold part of her restaurant chain to Famous Brands
Monzeglio’s passion for cooking and healthy eating inspired her to start catering vegan meals for clients after she left her job.
Led by South African tycoon Shameel Joosub, Vodacom completes Vodafone Egypt acquisition
Joosub said the deal represents an important milestone for Vodacom Group.
South African billionaire Stephen Saad’s Aspen secures $30 million grant to make vaccines
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
360 UHNWIs lose billionaire status in 2022, Switzerland’s biggest bank says
According to the group, there were 2,668 dollar billionaires in 2022, 87 fewer than a year earlier.
Meet Mike Heyink, South African entrepreneur who raised $23 million for his startup this year
Heyink worked as a private equity analyst at Metier before co-founding Yellow in 2018 with Maya Stewart.
South African billionaire Michiel Le Roux’s Capitec hires 1,642 new workers in six months
Le Roux co-founded Capitec Bank in 1999 with Jannie Mouton and Riaan Stassen.
July Ndlovu-led Thungela expects full-year earnings to surpass $800 million in 2022
Ndlovu’s 0.74-percent stake in Thungela Resources is valued at $17 million.
South African billionaire Christo Wiese-linked Shoprite to open 275 new stores
Wiese owns 11.58 percent of the leading retail group.
Patrice Motsepe-linked TymeBank finalizes $86.8-million acquisition of Retail Capital
ARC Financial Services Holding, a company founded by Motsepe, owns a stake in TymeBank.
South African billionaire Johann Rupert’s net worth nears $11 billion
Rupert’s net worth has risen from $8.5 billion on Nov. 3 to $10.8 billion at the time of writing.
Retail tycoon Ramachandran Ottapathu’s Choppies lays off 826 workers in Botswana in 2022
Choppies Enterprises is Botswana’s largest retail chain.