Zimbabwe’s richest man Strive Masyiwa gains $10.3 million in first five days of 2022
The gains come off of a surge in the market value of his stake in Cassava Smartech.
Southern Africa
Billionaire Patrice Motsepe’s Sanlam fails to increase stake in Said Alj-led Saham Assurance Maroc
Sanlam backed down from its ambitious pan-African expansion drive after failing to meet key conditions.
Canadian software company Volaris acquires majority stake in Sbu Shabalala’s Adapt IT
Volaris acquired a 63.87-percent stake in Adapt IT.
Jailed Angolan tycoon Carlos Sao Vicente continues fight for freedom
Vicente was once a prominent figure in Angola’s oil industry.
Christo Wiese’s Invicta moves to acquire UK-based spare parts distributor, KMP Holdings, in $17-million deal
Invicta said it will acquire 100 percent of the issued share capital and shareholder loans payable by KMP Holdings.
South Africa’s richest man Johann Rupert gains $3.88 billion in 2021
Rupert’s net worth got a shot in the arm in 2021 due to sustained buying interest in Richemont and Remgro shares throughout the year.
Prosus N.V., led by South African billionaire Koos Bekker, announces share buy-back worth $118.5 million
Founded in 1997, Prosus N.V. is a global consumer Internet group and one of the largest technology investors in the world.
Wealthy Ventriglia family of Zambia faces off in yet another legal saga over Zambezi Portland Cement
Zambezi Portland Cement is a leading cement manufacturer in Zambia.
Saltzman family of South Africa gains $151.1 million in three months from stake in Dis-Chem
Ivan Saltzman and his wife Lynette own a joint 45.2-percent stake in Dis-Chem, a major pharmaceutical retailer in Africa.
South African tech mogul Zak Calisto gains $159 million in nine months following Karooooo IPO
Calisto founded Karooooo in 2001, with an initial focus on stolen vehicle recovery services in South Africa.
Namibian tycoon Quinton van Rooyen-linked Meya Mining receives $150 million to scale up production
Meya Mining is majority-owned by Quinton van Rooyen’s Trustco Resources in partnership with Sierra Leonean company, Germinate SL Limited.
Malawian businessman Hitesh Anadkat gains $3.9 million in four months as Telekom Networks shares soar
Anadkat, a prominent banker, owns 435,000,000 shares in the Malawi-based telecom company.
South Africa’s richest man Johann Rupert loses $500 million amid investor profit-taking actions
Rupert is one of the top five richest billionaires in Africa with a fortune amounting to over $11.8 billion.
Shoprite CEO Pieter Engelbrecht receives salary package of $1.9 million in 2021
Shoprite Holdings Limited is South Africa’s largest food retailer and the biggest retailer in Africa.
South African executive Josua Malherbe gains $2.4 million in 2021 thanks to stake in Remgro
Malherbe is a non-executive, co-deputy chairman of Remgro.
Zimbabwean businessman Sam Hosack’s Prospect Resources receives $422 million offer for lithium mine
Prospect Resources is a battery minerals company with a focus on lithium in and around Zimbabwe.