South African tycoon Noluthando Gosa suffers $8.9-million loss
Gosa derives the majority of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in ArcelorMittal SA.
Southern Africa
Johann Rupert ‘no longer’ Africa’s richest man as net worth slumps by $200 million
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man.
South African mining billionaire Brian Menell secures $200-million funding
Menell, founder of Techmet, is a scion of the Menell family who founded and controlled the Anglovaal Group.
Led by South Africa’s wealthy Ravazzotti family, Italtile faces tough times
Ravazzotti, the founder of Italtile, holds a 33.88-percent stake in Italtile, presently valued at $287.1 million.
South Africa’s richest man Johann Rupert set to reap $233-million dividend in September
Rupert, who serves as Richemont’s chairman, holds a significant interest in the company through Compagnie Financiere Rupert.
South African billionaire Christo Wiese’s stake in Shoprite jumps by $100 million
Wiese, a South African billionaire who played an instrumental role in Shoprite’s growth, owns 11.63 percent of the company.
South African tycoon Adrian Gore loses $13.6 million as Discovery shares slump
Gore, who founded Discovery in 1992 and ranks as one of South Africa’s richest businessmen, owns a 7.48-percent stake in the Sandton-based insurance giant.
South African billionaire Koos Bekker’s net worth dips by $100 million
Despite these setbacks, Bekker remains one of the most affluent billionaires in Africa, boasting a net worth of $2.4 billion.
Ralph Mupita-led MTN Group to sell stake in $5.2-billion fintech unit to Mastercard
Under the leadership of Zimbabwean executive Ralph Mupita, MTN Group has solidified its position as Africa’s largest telecom services provider.
Net worth of Africa’s top billionaires Johann Rupert and Aliko Dangote plunges below $11 billion
The rivalry between Dangote and Rupert has become fierce, with the wealth gap shrinking from $1.2 billion in mid-June to a mere $100 million.
Mfundo Nkuhlu: Visionary South African executive with $4-million stake in Nedbank
What truly sets Nkuhlu apart is his keen acumen for business in emerging economies, corporate governance, and stakeholder management.
South African billionaire makes progress with Cape Winelands Airport
Hersov is set to complete the construction of the Cape Winelands Airport which he acquired in 2021.
Alan Pullinger, CEO of Africa’s most valuable bank, gains $1.69 million in 17 days
Pullinger owns a minority stake of 0.1 percent in FirstRand, or 5,634,679 ordinary shares in the leading lender.
South African billionaire Stephen Saad rakes in nearly $190 million
Saad, who founded Aspen Pharmacare Holdings in 1997, owns a 12.5-percent stake in the branded pharmaceutical company.
Mark Shuttleworth: 49-year-old tech tycoon who is the first South African in space
Shuttleworth’s entrepreneurial journey began in 1995 with the inception of Thawte Consulting.
7 companies founded by South African billionaire Rob Hersov
Hersov is a heir of the founding family of Anglovaal, a mining and industrial giant that was sold off in the late 1990s.