South African billionaire Johann Rupert gains $220 million in October, as Richemont shares rebound
Rupert is South Africa’s richest businessman.
Southern Africa
South African tycoon Stephen Brookes’ Balwin Properties posts $9 million in mid-year profit
Brookes owns a 36.08-percent stake in Balwin Properties.
South African tech tycoon Zak Calisto gains nearly $150 million as Karooooo surges on Nasdaq
Calisto is one of Africa’s richest tech entrepreneurs.
Swazi billionaire Natie Kirsh’s net worth soars by $300 million in October
Kirsh is one of Africa’s wealthiest businessmen.
Exit strategies for family businesses
Exit strategies include acquisition, merger, IPO, cash cow, selling to a friend, or shutting down operations.
Lesotho tycoon Sam Matekane sworn in as prime minister
Matekane is the founder of Matekane Group.
South African mogul Mark Lamberti’s Massmart to close Game stores in Nigeria on Christmas day
Massmart is the continent’s second-largest consumer product retailer.
South African billionaire Koos Bekker loses $345.5 million in 110 days from stake in Prosus
Naspers is a top cable TV operator and e-commerce investor.
Botswana-based mogul Jonathan Gibson gains $1 million from stake in Chobe Holdings
Gibson is Chobe’s deputy chairman and CEO.
Zimbabwean social entrepreneur Tsitsi Masiyiwa launches AGI to tackle gender inequality in Africa
AGI was introduced more than seven months after Masiyiwa, along with other notable businesswomen and philanthropists launched a $1 billion gender fund.
Zimbabwean tycoon John Moxon gains $2 million from stake in Harare-based firm
Moxon owns 10.8 percent of Meikles Limited.
South African businessman Fleetwood Grobler-led Sasol declares force majeure due to Transnet strike
Sasol operates in 33 countries and employs 30,100 people globally.
Led by South African Ackerman family, Pick ‘n Pay posts $19 million in profit in H1 2023
The Ackerman family owns a 25.53-percent stake in Pick ‘n Pay.
South Africa’s second-richest man Nicky Oppenheimer gains $100 million in 19 days
Oppenheimer also owns South Africa’s largest private game reserve, Tswalu Kalahari.
South African tech tycoon Jens Montanana to earn $17.91 million in special dividend from Datatec
Montanana founded Datatec in 1986.
Mauritian tycoon Arnaud Lagesse-led IBL considers buying stake in Reunion Island-based retail operator
IBL Group is a leading Mauritian conglomerate and one of the island’s largest firms.