South African billionaire Johann Rupert’s Remgro looking for equal partnership in possible Mediclinic buyout
The news comes a week after Mediclinic rejected its acquisition bid.
Southern Africa
South African billionaire Patrice Motsepe looks to boost clean power generation sevenfold across Africa
The news comes a year after the his energy firm acquired a strategic 40-percent stake in SOLA Group.
Neal Froneman’s Sibanye-Stillwater to restart South African gold operations
The news comes after the group signed a three-year wage agreement with its gold mine workers.
South African businessman Andre Du Plessis loses $14.1 million in nearly two weeks
Du Plessis co-founded Capitec Bank in 2001.
Mediclinic rejects takeover bid by billionaire Johann Rupert’s Remgro and MSC
Remgro and MSC offered about $4.3 billion for Mediclinic, a South African hospital group.
Controversial South African tycoon Hamilton Ndlovu banned from doing business with state
Ndlovu made a fortune through controversial PPE contracts.
Zimbabwean billionaire Strive Masiyiwa’s Africa Data Centers launches massive data center facility in Ghana
ADC is an affiliate of Cassava Technologies.
South African businessman Barry Swartzberg pledges $52 million in shares as security for $12.2-million obligation
Swartzberg is prohibited from selling the pledged shares.
South African mogul Adrian Gore’s Discovery Limited launches private firefighting service
Gore owns a sizable 7.48-percent stake in the Sandton-based company.
Wealthy South African Ackerman family receives $15 million in Pick n Pay dividends
The $15.04-million dividend was drawn from the group’s retained earnings of $306.5 million.
South African billionaire Michiel Le Roux gains $135 million in 35 days, net worth nears $2 billion
Le Roux owns 11.41 percent of the leading banking group.
South African billionaire Stephen Saad loses more than $250 million from Aspen Pharma stake
Saad owns a 12.5-percent stake in Aspen Pharmacare Holdings, worth $566 million.
South African mogul Nicky Oppenheimer’s net worth increases by $825 million in 2022
Oppenheimer is one of a handful of African billionaires whose fortunes have grown significantly in 2022.
Led by Ralph Mupita, MTN Group completes sale of 5,701 towers to Sam Darwish’s IHS for $415 million
IHS will now own 70 percent of its South African towers business.
South African billionaire Koos Bekker loses half a billion dollars on his Naspers stake
Bekker is still one of Africa’s wealthiest men, with a net worth of more than $2.2 billion.