South African mining mogul Neal Froneman gains $4.1 million from stake in Sibanye-Stillwater
Sibanye-Stillwater is a multinational precious metal mining company.
Southern Africa
Johann Rupert’s Richemont suspends commercial activities in Russia
Rupert’s net worth has dropped by more than $1.8 billion this year.
Booming industries for African billionaires
Africa’s wealthiest made their fortunes by investing in industries like manufacturing, retail, telecoms, mining and oil.
South African billionaire Patrice Motsepe to receive $69.6 million in dividends from ARM
Motsepe, who has been instrumental in the success of the South African miner, has a substantial 39.7 percent interest in the company.
Wealthy South African Mouton family moves to delist investment holding from JSE
PSG Group, a South African-based investment holding company founded and led by one of the country’s wealthiest families, the Mouton family.
South African billionaire Patrice Motsepe’s ARM posts $242 million in profit in H1 2022
Motsepe founded the mining enterprise in 1997 as South Africa’s first Black-owned mining firm.
Led by Alan Pullinger, FirstRand earnings surpass $1 billion in H1 2022
Pullinger’s beneficial 0.1-percent stake in FirstRand Limited is worth R387.2 million ($25.4 million).
South Africa’s richest man Johann Rupert loses $1.23 billion due to Russian invasion
The double-digit percentage decline in Richemont shares caused Rupert’s net worth to fall by more than 10.3 percent.
Ramachandran Ottapathu’s Far Property posts $4.34 million in profit in H1 2022
Ottapathu and his long-term business partner, Farouk Ismail, founded Far Property in June 2010.
Namibian tycoon Koos Brandt’s Capricorn Group posts $37.9 million in profit in H1 2022
Capricorn Group is a financial services conglomerate with businesses in banking, micro-lending, property development.
Namibian businessman Christiaan Ranga Haikali’s stake in FirstRand Namibia now worth $6 million
Haikali, an independent non-executive director in FirstRand Namibia, owns a beneficial 1.18-percent stake in the lender.
Strive Masiyiwa resigns from Econet days after becoming Southern Africa’s richest Black billionaire
Masiyiwa, who founded the leading telecom services provider in 1998, has exited his position on the board.
South African mogul Adrian Gore loses $41.2 million from stake in Discovery in eight days
Gore, who launched the financial services organization in 1992, controls a 7.48-percent stake in the group.
Zimbabwe’s Strive Masiyiwa unseats Patrice Motsepe to become Southern Africa’s richest Black billionaire
Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist.
South African-born billionaire Patrick Soon-Shiong loses over $7.3 billion in one year
Soon-Shiong owns 73.2 percent of the biotech business.
Billionaire Patrice Motsepe’s ARM anticipates 24-percent drop in earnings in H1 2022
ARM is a significant South African mining and minerals firm with holdings in a variety of mines.