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.
Southern Africa
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.
Angolan businessman Alvaro Sobrinho resolves to pay deposit of $6.64 million with four properties
Sobrinho has been accused of stealing more than €350 million ($387 million) from BES Angola (now Banco Economico).
Strive Masiyiwa’s Liquid Intelligent acquires fiber pair on Google’s Equiano subsea cable
Liquid Intelligent Technologies is a pan-African technology group.
South African entrepreneur Lexi Monzeglio’s Lexi’s Healthy Eatery completes deal to sell stake to Famous Brands
Monzeglio founded Lexi’s Healthy Eatery in 2018.
South African financial services group, Absa Group, appoints Arrie Rautenbach as CEO
Rautenbach has been with Absa since 1997.
The lionesses leading the pride
Here is a snippet of some of the modern-day queens who have pioneered male-dominated industries.
South African tech mogul Zak Calisto loses $285 million in 85 days
Calisto owns a 75-percent stake in the Singapore-based technology firm.
South African billionaire Nicky Oppenheimer’s net worth surpasses $8.8 billion
Oppenheimer’s net worth has increased by 10.7 percent since the start of the year.