South African mogul Johann Rupert’s net worth soars by $240 million in four days
The increase in Rupert’s net worth follows a surge in Richemont shares from $10 on July 15 to $11 today.
Southern Africa
Namibian tycoon Quinton van Rooyen loses $47 million as Trustco shares slump to all-time low
Van Rooyen owns 63.94 percent of the leading Namibian company.
Zimbabwe’s richest man Strive Masiyiwa plans to raise $500 million to expand digital infrastructure business
C5 Capital, a specialist venture capital firm, will provide the financing.
Zimbabwean billionaire Strive Masiyiwa loses $2.9 billion, reducing net worth to $1.5 billion
Zimbabwe’s richest man and one of Africa’s wealthiest men, Masiyiwa has seen his net worth fall to $1.5 billion.
Meet Noluthando Gosa, South African businesswoman who owns $21-million stake in ArcelorMittal
Gosa leads Likamva Resources and Akhona Group.
South African billionaire Johann Rupert’s luxury company records over $5.2 billion in revenue in Q1 2023
Despite the strong performance, Richemont shares have fallen 5.7 percent since this morning.
Led by South African businesswoman Portia Derby, Transnet signs $1.5-billion credit facility to fuel growth
The credit facility will be used to finance the company’s capital expansion program.
Mohammed Akoojee-led Imperial Logistics acquires controlling stake in Africa FMCG Distribution Limited
The transaction is Imperial’s first since being acquired by DP World on March 21.
Samsung welcomes South African billionaire Michiel Le Roux’s Capitec on payment platform
The long-term success of Samsung Pay is driven by strong partnerships.
Billionaire Strive Masiyiwa denies interest in South Africa’s SuperSport United FC
He stated in a Facebook post that the reports are a fabrication.
Mediclinic gains over $690 million four weeks after Johann Rupert’s Remgro launches takeover bid
Similarly, Remgro’s 44.6-percent stake in Mediclinc has increased in value by $281.5 million.
Angola’s former President Jose Eduardo dos Santos dies at 79
President Joao Lourenco has declared five days of national mourning.
Namibian businessman Koos Brandt gains $13 million from stake in Capricorn Group
Capricorn Group operates in Namibia, Botswana, and Zambia.
Consortium backed by South African billionaire Johann Rupert prepares higher Mediclinic bid
The news comes nearly four weeks after Mediclinic rejected an acquisition bid from Rupert’s Remgro.
South African billionaire Johann Rupert-controlled Reinet may trim stake in British American Tobacco
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
South African multimillionaire Barry Swartzberg loses $87 million in 16 weeks
Swartzberg owns a 3.93-percent stake of the Sandton-based company.