Jason Quinn-led Absa Group resumes dividend payment as earnings exceed $1.1 billion
The issued dividend reflects the group’s strong financial performance at the conclusion of its 2021 fiscal year.
Southern Africa
South African businessman Mxolisi Mgojo sees stake in Exxaro surge above $5.7 million
Mgojo owns a beneficial 0.17-percent ownership in the leading diversified resources firm.
South African executive Christine Ramon owns stake worth $3 million in AngloGold Ashanti
Ramon now has a beneficial 0.026-percent stake in the miner, which equates to 118,471 ordinary shares.
Swazi billionaire Natie Kirsh loses $310 million in three days
Kirsh ranks as the 278th richest man in the world and the richest person in Eswatini (formerly Swaziland).
South African businessman Xolane Ndhlovu donates $1 million to Africans in Ukraine
Ndlovu said he is motivated to help Africans who have lost their livelihood due to the Russia-Ukraine conflict.
Gates Foundation makes first grant following appointment of Zimbabwe’s richest man Strive Masiyiwa
The funds will go to Butterfly Network, a digital health startup that aims to democratize medical imaging.
South African billionaire Stephen Saad’s Aspen concludes COVID-19 vaccine deal
The vaccine will be marketed as Aspenovax.
Ralph Mupita-led MTN Group reports double-digit percent decline in profits
Earnings were hurt by an impairment loss of $29.8 million.
South African mining mogul Neal Froneman gains $4.1 million from stake in Sibanye-Stillwater
Sibanye-Stillwater is a multinational precious metal mining company.
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.