Zimbabwean businessman Paddy Zhanda sees million-dollar return from Masimba investment
Zhanda owns a beneficial 8.08-percent stake in Masimba Holdings.
Southern Africa
Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares plummet
Koudounaris is a Zimbabwean businessman and serial investor.
Disgraced South African Mogul Markus Jooste to face trial in Germany in April
Nearly two weeks ago, Jooste was served two fines totaling $882,000.
Botswana billionaire Ramachandran Ottapathu’s Choppies makes move to acquire Kamoso Africa
Choppies Enterprises is a Gaborone-based supermarket chain.
Zimbabwe’s richest man Strive Masiyiwa gains $700 million in 27 days
Masiyiwa owns 52.85 percent of Econet Zimbabwe.
Patrice Motsepe-backed TymeBank targets 28 million customers via partnership with TFG
TymeBank is partly owned by Motsepe’s African Rainbow Capital (ARC) Financial Services Holding.
Cape Town-based entrepreneur Cordel Robbin-Coker’s gaming startup raises $27 million
Carry1st is a South African mobile gaming startup.
South African pharma tycoon Stephen Saad gains $37.1 million from Aspen shares
Saad owns a significant 12.5-percent stake in Aspen Pharmacare Holdings.
Nicky Oppenheimer’s net worth skyrockets by $200 million in just 21 days
Oppenheimer has seen his net worth soar from $8.03 billion at the start of the year to $8.23 billion.
South African mogul Zak Calisto’s Karooooo posts $26 million in earnings in 9M 2023
Calisto founded Karooooo in 2001.
19 days into 2023, South Africa’s richest billionaire already $1.2-billion richer
The $1-2 billion increase cements his position as South Africa’s richest billionaire.
Johann Rupert’s Richemont surpasses $16 billion in sales in 9M 2023
Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
Billionaire El-Sewedy family loses $36 million amid Egyptian pound depreciation
The El-Sewedy family owns a 68-percent stake in Elsewedy Electric.
Neal Froneman: Sibanye-Stillwater’s proposed unit to secure $700 million from U.S. gov’t
Froneman owns a 0.074-percent stake in Sibanye-Stillwater.
Swazi billionaire Natie Kirsh’s net worth surges by $157 million
Kirsh derives the majority of his fortune from Kirsh Group and Jetro Holdings.
South African billionaire Christo Wiese’s stake in Shoprite jumps $67 million in 16 days
Wiese owns 11.63 percent of Shoprite Holdings, Africa’s largest retailer.