African billionaire heirs are making their mark in philanthropy
The progeny of some of Africas’s wealthiest people are putting in more of their time to giving and impacting.
Southern Africa
Led by Aisha Cassam Timol, CIM prepares to list 17 million shares worth $3.65 million under employee scheme
CFSL is a non-deposit-taking financial services holding.
Malawian tycoon Hitesh Anadkat gains $16 million from stake in Mauritius-based FMB Capital Holdings
Anadkat is the founder of FMB Capital Holdings and holds a substantial 35.51-percent stake in the company.
Zimbabwean executive Basil Dionisio gains $2.68 million in two weeks
Basil Dionisio is the CEO of Simbisa Brands Limited.
Zimbabwean tycoon Paddy Zhanda’s stake in Masimba Holdings now worth $3.27 million
Masimba Holdings provides engineering and infrastructure solutions across various sectors.
Warner Music Group acquires majority stake in Yoel Kenan’s Africori
Africori helps create global opportunities for African artists.
South African businessman Andre Du Plessis retires as CFO of Capitec Bank
Du Plessis co-founded Capitec Bank with South African billionaire Michiel Le Roux and leading businessmen Jannie Mouton and Riaan Stassen in 2001.
South African businessman Jonathan Jawno gains $15.8 million as shares in Transaction Capital surge
Transaction Capital is a South Africa-based financial services group that specializes in asset-backed lending.
Swazi billionaire Natie Kirsh loses $260 million in one week
Kirsh saw his net worth surge to a record $8.35 billion on Jan. 4, $1.89-billion higher than one year ago.
Christo Wiese-linked retailer Steinhoff to list mattress firm on New York Stock Exchange
Founded in 1964, Steinhoff operates retailing activities in more than 30 countries.
Zimbabwean tycoon John Moxon’s Tanganda Tea Company reschedules listing for February
Tanganda Tea Company is Zimbabwe’s largest distributor of bulk and packaged tea.
Alexander Forbes appoints South African executive Ann Leepile as investments division CEO
Leepile’s appointment as CEO of Alexander Forbes Investments will be effective as of Feb. 1.
South African tycoon Noluthando Gosa gains $6.7 million from stake in ArcelorMittal South Africa
Gosa is a leading business executive and CEO of Akhona Group, a 100-percent Black privately held investment holding.
Zimbabwean tycoon Kudakwashe Tagwirei loses lucrative e-passport deal
CBZ Bank had earlier bagged a deal that would see it pocket $20 for every e-passport application in Zimbabwe.
Namibian tycoon Quinton van Rooyen gains $29 million in first week of 2022
The gains will provide a cushion of sorts to the $190-million loss in his net worth in 2021.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.