South African billionaire Johann Rupert suffers $570-million wealth loss in June
Rupert still remains South Africa’s richest man.
Southern Africa
Johannesburg-based entrepreneur Tasoulla Hadjigeorgiou’s LottoStar secures investment from UK bookmaker
LottoStar was founded in 2014 as a family-led business.
South African Saltzman family loses $145 million in two months from Dis-Chem stake
Over the years, Dis-Chem Pharmacies has grown into one of South Africa’s leading retail healthcare groups.
Wealthy South African Mouton family loses $40 million in less than 10 weeks as PSG shares fall
The South African Mouton family owns 24.5 percent of the company.
South African tycoon Adrian Gore’s Discovery announces secondary listing on A2X Markets
A2X Markets is a Sandton-based stock exchange founded in 2014.
South African mogul Neal Froneman’s Sibanye-Stillwater’s PGM mine in US suspended for 4-6 weeks
Regional floods led to the decision to pause operations.
South African entrepreneur Mike Heyink’s Yellow raises $23-million debt funding
Yellow was founded in 2018 to deliver life-changing tech products to low-income households in Africa.
South African billionaire Johann Rupert has now lost $3.15 billion since beginning of 2022
However, Rupert still remains South Africa’s second-richest man.
South African billionaire Christo Wiese’s Brait SE moves to list food business, Premier
The listing will take place as soon as more favorable stock market conditions permit.
South African property tycoon Sisa Ngebulana to build new housing development in sleepy coastal town
Ngebulana’s Billion Group plans to build a mixed-use affordable housing complex in the East Coast Crossways area in Kwelerha.
South African mogul Adrian Gore’s Discovery Bank hits 1 million customers two years after launch
Discovery Bank is a subsidiary of Discovery Group, a South African financial services conglomerate.
South African tycoon Johan Burger loses $5.8 million on investment in FirstRand
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
South African billionaire Nicky Oppenheimer loses more than $1.2 million on investment in IDH
However, Oppenheimer’s net worth has risen by $750 million since the start of the year.
South African Ackerman family gains $82 million as Pick n Pay shares soar by double digits
The Ackerman family owns a significant 25.53-percent stake in the leading retailer, totaling 124,677,238 ordinary shares.
South African businessman Alan Pullinger loses $4.35 million from stake in FirstRand
Pullinger owns about 0.1 percent of the leading lender, or 5,634,679 ordinary shares.
Zimbabwean billionaire Strive Masiyiwa’s ADC expands footprint with massive data center facility in South Africa
The news comes a week after ADC announced the construction of a 30-megawatt data center facility in Accra, Ghana.