Rise of the millennials next-gen leaders stepping up
Founders and incumbent leaders have the responsibility of legacy building.
Southern Africa
South African businessman Andre Du Plessis gains $16 million in 100 days from Capitec Bank
Du Plessis owns a beneficial 0.008-percent stake in the company, totaling 917,976 shares.
South African Ackerman family makes $105 million in five weeks from stake in Pick n Pay
Members of the Ackerman family own a significant 25.53-percent stake in the leading retailer, or 124,677,238 ordinary shares.
Absa’s first Black CEO Daniel Mminele receives $2.1 million in termination payment from Absa Group
The South African executive became CEO of Absa Group in January 2020.
Zimbabwean billionaire Strive Masiyiwa’s daughter joins Econet Wireless Zimbabwe as director
Elizabeth Tanya Masiyiwa, an entrepreneur and philanthropist, is one of Zimbabwean billionaire Strive Masiyiwa’s six children.
Led by South African Ackerman family, Pick n Pay reports $6.67 billion in revenue
The single-digit sales growth was driven by an increase in liquor and clothing sales during the period under review.
South African businessman Alan Pullinger gains $5.4 million from stake in FirstRand
The $5.46-million surge can be linked to the year-to-date surge in the share price of FirstRand Limited on the Johannesburg Stock Exchange.
Dubai Future Foundation collaborates with Johann Rupert’s Richemont to create new luxury retail solutions
The deal will give global entrepreneurs and startups the opportunity to showcase their ideas and deploy innovative solutions.
Swazi billionaire Natie Kirsh is now richer than U.S. billionaires David Sun, John Tu
Kirsh’s net worth has risen by $215 million since the start of the year, from $8.27 billion to $8.49 billion.
South African businessman Johan Burger gains $7.55 million, as FirstRand shares surge by 26 percent
Burger holds a beneficial 0.12-percent stake in the leading financial services group.
Family office locations, does Africa have potential?
In recent years, the global wealth sector has seen an upward trend in family offices.
Namibia’s richest investor Quinton van Rooyen loses $24 million from stake in Trustco Group
His net worth increased by $29 million in the first week of 2022.
Nicky Oppenheimer unseats PayPal Co-Founder Peter Thiel, after making $600 million in 93 days
Despite the global impact of the Russia-Ukraine crisis, the South African’s wealth has risen from $7.95 billion to $8.55 billion.
South Africa’s richest man Johann Rupert loses $1 billion in Q1 2022
Despite a $999-million plunge in his net worth, Rupert remains South Africa’s richest man and one of Africa’s wealthiest billionaires.
South African businessman Saki Macozoma joins Mondi Plc as non-executive director
The South African businessman is expected to join the multinational packaging and paper group’s audit and nominations committees.
South Africa-based businessman Loucas Pouroulis’ Tharisa Plc takes control of Zimbabwe’s Karo platinum project
The Pouroulis-led mining group increased its stake in Karo from 26.8 percent to 66.3 percent in an all-share deal worth $27 million.