Types of family businesses: Steward?
Succession in the Steward family business type comes with little conflict.
Southern Africa
South African retail mogul Mark Lamberti’s Massmart starts shutting down loss-making Game stores
Massmart is the continent’s second-largest distributor of consumer products.
South African tycoon Jens Montanana’s Datatec joins UN corporate sustainability initiative
Montanana founded Datatec in 1986 and owns a significant 11.98-percent stake in the group.
South African mogul Adrian Gore’s Discovery posts more than $310 million in profit in 2022
Gore’s stake in Discovery is presently valued at $320 million.
South African billionaire Christo Wiese to pocket $13 million in Shoprite dividends
Wiese owns an 11.58-percent stake in Shoprite.
Swazi billionaire Natie Kirsh has now lost nearly half a billion dollars since start of 2022
Kirsh also owns 54 percent of Sydney-based Abacus Property Group.
South African billionaire Christo Wiese-linked retailer Shoprite posts $334 million in profit in 2022
Wiese holds an 11.58-percent stake in Shoprite worth $862.4 million.
South Africa’s richest man Johann Rupert’s net worth slumps by $1.05 billion
The recent drop in his net worth brings his year-to-date wealth loss to $2.79 billion.
Iain Williamson-led Old Mutual looks set to acquire South African insurer, Genric
The deal is still subject to regulatory approval.
Zimbabwean mogul John Moxon’s Meikles records $11 million in profits in 2022
Meikles is a Zimbabwean conglomerate with a diversified portfolio of investments.
Malawian tycoon Hitesh Anadkat loses more than $38 million in 110 days from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
South African billionaire Patrice Motsepe to pocket $103-million in dividends from ARM
Patrice Motsepe is Southern Africa’s richest Black person.
South African billionaire Patrice Motsepe’s ARM reports lower earnings and revenue as iron ore prices decrease
ARM is a major South African mining and minerals company.
South African pharma billionaire Stephen Saad’s Aspen signs vaccines deal with India’s Serum Institute
Saad owns a 12.5-percent stake in Aspen worth $566 million.
Zimbabwean businessman Zinona Koudounaris loses over $53 million in 18 weeks from stake in Axia Corp
Koudounaris still ranks as one of the richest investors on the Zimbabwe Stock Exchange.
South African billionaire Nicky Oppenheimer gains $130 million in August
Oppenheimer’s net worth rose from $8.3 billion to $8.43 billion.