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.
Southern Africa
Ramachandran Ottapathu’s Far Property posts $4.34 million in profit in H1 2022
Ottapathu and his long-term business partner, Farouk Ismail, founded Far Property in June 2010.
Namibian tycoon Koos Brandt’s Capricorn Group posts $37.9 million in profit in H1 2022
Capricorn Group is a financial services conglomerate with businesses in banking, micro-lending, property development.
Namibian businessman Christiaan Ranga Haikali’s stake in FirstRand Namibia now worth $6 million
Haikali, an independent non-executive director in FirstRand Namibia, owns a beneficial 1.18-percent stake in the lender.
Strive Masiyiwa resigns from Econet days after becoming Southern Africa’s richest Black billionaire
Masiyiwa, who founded the leading telecom services provider in 1998, has exited his position on the board.
South African mogul Adrian Gore loses $41.2 million from stake in Discovery in eight days
Gore, who launched the financial services organization in 1992, controls a 7.48-percent stake in the group.
Zimbabwe’s Strive Masiyiwa unseats Patrice Motsepe to become Southern Africa’s richest Black billionaire
Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist.
South African-born billionaire Patrick Soon-Shiong loses over $7.3 billion in one year
Soon-Shiong owns 73.2 percent of the biotech business.
Billionaire Patrice Motsepe’s ARM anticipates 24-percent drop in earnings in H1 2022
ARM is a significant South African mining and minerals firm with holdings in a variety of mines.
Malawian banking mogul Hitesh Anadkat’s stake in FMB Capital is worth over $86 million
Anadkat has a significant 35.51-percent stake in the Port Louis-based company.
South African tycoon Christo Wiese receives $463.1-million settlement from Steinhoff
Wiese received $198.5 million in cash and a five-percent share in Pepkor.
Investors could have ‘cashed-in big’ by purchasing shares in Strive Masiyiwa’s EcoCash
A $10,000 investment in EcoCash seven weeks ago is now worth $20,130.
South African billionaire Nicky Oppenheimer’s net worth rises by $425 million in seven weeks
With a net worth of $8.38 billion, Oppenheimer is the 288th richest man in the world.
Led by Zimbabwean tycoon John Moxon, Meikles’ revenue surges by 131 percent in 9M 2022
Meikles is a Zimbabwean conglomerate with interests in hotel, retail, supermarkets, agricultural and financial services.
South African tycoon Adrian Gore’s Discovery partners with AIA to set up pan-Asian health insurance technology business
Gore’s 7.4-percent ownership interest in Discovery is worth R8.2 billion ($546.7 million).
Christo Wiese-linked retailer Steinhoff starts payouts under $1.62-billion settlement
The move comes nearly three weeks after it received approval from a Cape Town high court to pay the investors.