South African billionaire Johann Rupert’s net worth drops below $17 billion
Johann Rupert’s net worth falls $800 million to $16.3 billion amid Richemont’s 6.5% share decline despite strong global jewelry sales.
Southern Africa
Johann Rupert to receive $20.7 million dividend from Reinet
Johann Rupert will receive a $20.7 million dividend from Reinet Investments after the Luxembourg-based firm reported strong asset growth in its latest fiscal year.
South Africa’s Barry Swartzberg gains $18 million from Discovery stake
Discovery Limited's stock gains lift Barry Swartzberg’s fortune, reinforcing confidence in South Africa’s financial services sector.
South Africa’s Saltzman family sees $28.6 million gain from Dis-Chem shares
This increase highlights the family's position as one of South Africa’s wealthiest.
South African billionaire Jannie Mouton gains $28 million from Capitec stake
Jannie Mouton gains $28 million in 24 days as Capitec shares rally, driven by digital-first banking and rising investor confidence on the JSE.
Glencore, led by Gary Nagle, moves $30 billion asset base to Australia in restructure
The restructured entity now controls a portfolio worth over $65 billion, effectively doubling its asset base in Australia.
From Boom to Bust: Malawi’s richest man loses $270 million in 3 months
FMB Capital’s stock dips 30%, slashing Hitesh Anadkat’s stake by $274 million. Yet, investors stay confident in the regional banking powerhouse.
South African tycoon Stephen Saad's Aspen opens regional headquarters in Saudi Arabia
Aspen’s investment comes amid a broader push to localize manufacturing, enhance drug supply chains, and develop regional talent.
Barloworld, led by Dominic Sewela, extends probe into Russian operations
Barloworld prolongs Russia probe through Sept. 2025 amid sanctions pressure, falling revenue, and possible delisting via Zahid Group-backed buyout.
Neal Froneman-led Sibanye rescues 260 workers trapped in South Africa mine
The miners were stranded Thursday after a skip door on a rock winder opened unexpectedly at Level 39, disrupting access to lower levels.
Pick n Pay, backed by Ackerman family, posts $6.8 billion revenue in 2025
Pick n Pay, partly owned by the Ackerman family, posted $6.8 billion revenue in 2025 as Boxer growth and recapitalization drove a sharp cut in losses.
South African executive Simon Baloyi-led Sasol wins $241 million Transnet payout
The payment resolves all pending litigation between the two state-backed firms, according to a Sens announcement issued after the market closed on Friday.
South African media mogul Terrence Moolman loses $7 million from Caxton shares
South Africa's media landscape shifts as Caxton & CTP Publishers stock dips, impacting CEO Terrence Moolman’s fortune.
South African billionaire Patrice Motsepe’s fortune jumps to $3.2 billion
According to Forbes estimates, his net worth rose from $3 billion in mid-March to $3.2 billion by late May.
Stephen Saad’s Aspen stake drops $21 million in value
This mirrors wider investor caution amid challenges facing the global pharmaceutical sector and instability in emerging markets.
Malawi’s richest man sees $89 million decline in FMB Capital stake
The continued slide in the company’s share price on the Malawi Stock Exchange has dragged down his holdings significantly.