South African billionaire Raymond Ackerman and family lose $96 million as Pick ‘n Pay shares bleed on JSE
Ackerman and his family own a 25.53-percent stake in Pick ‘n Pay.
Southern Africa
South African billionaire Laurie Dippenaar gains $16.8 million from FirstRand shares
Dippenaar owns 1.76 percent of FirstRand, or 98,726,988 shares.
Christo Wiese-linked retailer Steinhoff plummets by over $38 million as shares hit record low
Wiese is a South African billionaire and retail tycoon.
South African businesswoman Noluthando Gosa suffers $4.2-million loss in 31 days
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
South African mogul Neal Froneman-led Sibanye-Stillwater gets permit for Finnish lithium project
Froneman holds a 0.074-percent stake in the precious metal mining group.
South African businessman Colin Rezek-led Vantage closes $377-million fourth mezzanine fund
Vantage Capital made its groundbreaking foray into mezzanine finance in 2006.
South African mogul Neal Froneman’s latest pursuit: Zambian copper mines
Froneman’s interest in Zambia’s copper mining assets represents a major opportunity for the country.
Led by South African exec July Ndlovu, Thungela Resources set to acquire mine in Australia
Ndlovu owns a minuscule yet lucrative 0.74-percent stake in Thungela Resources.
South African billionaire Nicky Oppenheimer gains $800 million in 36 days
Oppenheimer’s net worth has risen by $800 million since the start of the year.
South African exec Mike Teke’s Seriti Resources to begin 155-MW wind farm construction
Seriti Resources Holdings is a leading coal company.
Here are Africa’s 19 billionaires according to Forbes’ latest billionaires list
While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
South African billionaire Koos Bekker gains $200 million amid tech stock frenzy
Bekker is the driving force behind Naspers and Prosus.
Belarusian leader concludes visit to Zimbabwe
Belarus is attempting to expand its partnership base amid increasing global isolation.
South Africa’s richest man Johann Rupert recovers all 2022 losses in January
Rupert’s net worth has increased from $10.9 billion to $12.3 billion.
South African billionaire banker Michiel Le Roux loses $92 million in 19 days
Le Roux remains one of South Africa’s wealthiest businessmen.
Mining mogul Quinton van der Burgh’s QGC teams up with Marula to mine future metals
Van der Burgh is a wealthy South African mining magnate and serial entrepreneur.