Eswatini’s richest man Natie Kirsh loses $500 million in three months
Natie Kirsh loses $500 million in three months, bringing his wealth below $10 billion despite new business moves.
Southern Africa
South African businesswoman Noluthando Gosa-linked ArcelorMittal SA to lay off 3,500 workers
ArcelorMittal SA, linked to Noluthando Gosa, to close its long steel division, risking 3,500 jobs amid rising costs and weak demand.
South African businessman Fred Robertson's Sea Harvest posts $251 million half-year revenue
Sea Harvest’s profit surged 71% to $17.9 million in H1 2025 on higher hake volumes and stronger pricing, with revenue climbing 34% to $251 million.
South African businessman Lazarus Zim sued for $7 million in BEE dispute
South African businessman Lazarus Zim battles a $7 million lawsuit linked to Northam Platinum’s BEE restructuring.
South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
South Africa’s richest Johann Rupert rebounds to $16.1 billion after Richemont surge
South Africa’s richest man Johann Rupert regains $1.2 billion in two weeks, lifting his fortune to $16.1 billion on Richemont gains.
South African businessman Mario Maio’s ACDC Dynamics acquires battery firm
South African businessman Mario Maio’s ACDC Dynamics acquires Blue Nova Energy from Reunert to expand lithium-ion battery operations amid easing load-shedding.
South African billionaire Johann Rupert-backed poultry giant reports nearly $900 million revenue
Rainbow Chicken, partly owned by Johann Rupert, reported $895.6 million in 2025 revenue, driven by strong chicken sales and tighter operations.
Michiel Le Roux now worth $2.6 billion as Capitec becomes Africa’s most valuable bank
Michiel Le Roux’s fortune has climbed to $2.6 billion as Capitec overtakes FirstRand to become Africa’s most valuable bank.
South African billionaire Patrice Motsepe-linked Sanlam sells KwaZulu-Natal shopping mall
Sanlam, linked to Patrice Motsepe, has finalized the sale of Southcoast Mall in KwaZulu-Natal, streamlining property holdings to focus on core finance.
Ackerman family’s Pick ‘n Pay to close Fourways store
Pick ‘n Pay, partly owned by the Ackermans, exits Fourways as Accelerate sells local malls amid debt-reduction and retail restructuring efforts.
Sibanye narrows loss to $211 million in H1 2025 under Neal Froneman
Sibanye Stillwater narrows H1 2025 loss to $211 million under CEO Neal Froneman, showing signs of recovery amid weak metal markets and operational restructuring.
Accelerate Property Fund, partly owned by Michael Georgiou, sells two Gauteng shopping centers
Accelerate Property Fund sells Buzz and Waterford Centers for $12.2 million to reduce debt, improve liquidity.
French billionaire’s firm Canal+ moves forward with $2.9 billion MultiChoice deal
The approval clears one of the last regulatory hurdles, allowing Canal+ to proceed with its mandatory offer to minority shareholders.
South African billionaire Patrice Motsepe drives Harmony Gold to $4.1 billion revenue
Harmony Gold, led by Patrice Motsepe, posts $4.07 billion revenue and $824 million profit as higher prices offset weaker output.
South African mogul Jannie Moolman’s Moolman Group starts work on Prince Buthelezi Mall
Moolman Group begins work on Prince Buthelezi Mall, a multi-million-dollar retail hub in Empangeni, KwaZulu-Natal.