South African billionaire Stephen Saad’s Aspen could cut COVID-19 vaccine capacity
Saad controls a 12.5-percent stake in the leading drug company.
Southern Africa
Zimbabwean mogul Paddy Zhanda gains over $1.5 million from Masimba in 71 days
Masimba Holdings is a well-established Zimbabwean group.
South African businessman Justin Coetzee’s GoMetro raises $1 million in seed extension round
GoMetro was founded in 2012 as South Africa’s first real-time public transportation information system.
South African mogul Jens Montanana’s Datatec acquires Northern Sky Research
Montanana’s 11.98-percent stake in Datatec is valued at $63 million.
Patrice Motsepe-linked Sanlam signs JV deal with Allianz to form largest pan-African insurer
The new entity is expected to have a combined total group equity value in excess of $2.1 billion.
Ivan Saltzman’s Dis-Chem to receive $1.48 million from SASRIA over civil unrest
The payment will be made as part of the healthcare firm’s insurance coverage in South Africa.
Sibanye defends Neal Froneman, says $18.9-million salary is tied to reward
Froneman received $18.9 million in compensation in 2021.
Extremophiles dominate the African business landscape
In most countries around the world, family businesses are between 70 and 95 percent of all business entities.
South African billionaire Johann Rupert loses $890 million in April
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings reports $8.3 million in profits in 2022
Abdoola is the company’s largest individual owner, with a 14-percent stake.
Led by South African Saltzman family, Dis-Chem Pharmacies expects earnings to surge by 24.5 percent
The Saltzman family owns a beneficial 45.2-percent share in the healthcare company.
Here are the five billionaires who account for 3.8 percent of South Africa’s $683-billion private wealth
With a total private wealth of $651 billion, South Africa has more than twice as many billionaires as any other African country.
South African mogul Zak Calisto’s Karooooo to pay shareholders $17.7 million in dividends
Calisto owns a majority 75-percent stake in the Singapore-based tech firm, which he founded in 2001.
Sibanye’s CEO Neal Froneman pocketed $19 million in remuneration in 2021
Froneman received a whopping $18.9 million in 2021.
Zimbabwean billionaire Strive Masiyiwa gains $1.7 billion so far this year
The billionaire has surpassed South African mining tycoon Patrice Motsepe as the richest Black man in Southern Africa.
Court orders convicted Malawian tycoon Thom Mpinganjira to sell FDH bank shares
Mpinganjira was sentenced to nine years in jail last year for attempting to bribe judges overseeing the 2019 presidential election.