South African executive Josua Malherbe gains $2.4 million in 2021 thanks to stake in Remgro
Malherbe is a non-executive, co-deputy chairman of Remgro.
Southern Africa
Zimbabwean businessman Sam Hosack’s Prospect Resources receives $422 million offer for lithium mine
Prospect Resources is a battery minerals company with a focus on lithium in and around Zimbabwe.
Zimbabwe’s richest man Strive Masiyiwa loses $70 million in two weeks as shares in Econet slump
Masiyiwa, who founded Econet Group in 1998, holds a 52.85-percent stake in Econet Zimbabwe, the country’s largest telecom service provider.
Koos Bekker’s Naspers, others invest $30 million in car subscription company, Planet42
Planet42 is a car subscription company that buys used cars from dealers and rents to customers via a subscription model.
U.S.-based firm in talks to merge with Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies
According to Forbes, Masiyiwa is the 16th richest man in Africa, with a net worth of $2.3 billion.
Patrice Motsepe’s African Rainbow Minerals acquires Bokoni platinum mine for $220 million
Bokoni, which was founded in 1969, was previously called Lebowa Platinum.
Mauritian businessman Tim Taylor gains $1.8 million in 20 days from stake in CIM
Tim Taylor holds a substantial 9.27-percent stake in the Mauritian non-banking financial institution.
Led by South African tycoon Aisha Pandor, SweepSouth buys out Egyptian Filkhedma
SweepSouth is fondly referred to as the Uber of cleaning services.
Swazi billionaire Natie Kirsh gains $1.7 billion since start of year
One of Africa’s richest men, Nathan Kirsh holds the majority of his investments through his family-owned Kirsh Group.
Pharma tycoon Stephen Saad gains $38 million as Aspen moves to produce COVID-19 vaccines
The gains came in under 24 hours, as investors positively assessed his pharma company’s deal with J&J.
Mauritian businessman Arnaud Dalais loses $2.66 million in 34 days as CIEL Limited shares fall
CIEL is a Mauritian conglomerate with active operations and investments in over 10 emerging and developing economies.
South African billionaire Patrice Motsepe gains $224 million in three weeks as ARM shares soar
ARM is a leading South African diversified minerals company.
Aisha Cassam Timol’s CIM Finance acquires fellow Mauritius-based Tsusho Capital
CFSL is a non-deposit-taking financial services holding listed on the Stock Exchange of Mauritius.
South African tycoon Stephen Brookes loses $74.2 million in month as Balwin Properties shares slump by 18 percent
Brookes, who founded the company in 1996, is the largest shareholder with a 36.08-percent stake.
South African billionaire Johann Rupert’s Remgro Limited set to list on A2X markets in 2022
Remgro is a diversified investment holding established in the 1940s by the late Dr. Anton Rupert.
Pieter Engelbrecht-led Shoprite Holdings forms JV with leading logistics company RTT Group
The JV is part of a broader move by Shoprite to strengthen its e-commerce delivery capabilities in the retail segment.