South African billionaire Johann Rupert’s Richemont posts $20 billion in nine-month revenue
Richemont reports $20 billion in nine-month sales, driven by jewelry growth and strong retail performance worldwide.
Southern Africa
Glencore, led by South African executive Gary Nagle, signs Oman offtake deal for steel input
Glencore, led by Gary Nagle, agrees to buy up to 1.25 million tons of cleaner steel from Oman, advancing its energy transition goals.
Piet Mouton, partners collect Capitec shares worth $91.5 million
South African businessman Piet Mouton and family trusts receive $91.5 million in Capitec shares after Curro Holdings delisting.
Zimbabwean tycoon Mutumwa Mawere dies at 66 after storied business career
Mutumwa Mawere, a towering figure in Zimbabwean business whose empire spanned mining to banking, has died in South Africa at age 66.
Patrice Motsepe overtakes Koos Bekker as South Africa’s third-richest man
Motsepe edges past Bekker, reaching $3.9 billion to become South Africa’s third-richest, fueled by mining stakes and market gains.
AJ Property, led by Bernadette Mzobe, prepares to open new KwaZulu-Natal mall
AJ Property, led by Bernadette Mzobe, is set to open Kingsburgh Junction mall, boosting retail and jobs in KwaZulu-Natal.
South African multimillionaire Saltzmans gain $20 million in Dis-Chem
South African multimillionaire Saltzman family has gained $20 million as their Dis-Chem stake climbs to $588 million.
Billionaire Jannie Mouton’s Curro takeover raises tax questions for investors in Capitec and PSG share swap
Jannie Mouton’s Curro deal swaps investors into Capitec and PSG shares, triggering fresh questions about tax dates, valuations and record keeping.
After committing $2.5m to Dynamos FC, Tagwirei donates $100k to former players, coaches
Zimbabwean businessman Kudakwashe Tagwirei adds a $100,000 donation for former players after committing $2.5 million to Dynamos FC.
Second African billionaire to hit $20 billion? SA tycoon nears milestone
South African billionaire Johann Rupert nears $20 billion fortune as Richemont shares rise, closing in on a historic African wealth milestone.
Patrice Motsepe seeks South African hearing in $195 million mining dispute
South African billionaire Patrice Motsepe and linked companies turn to South African courts as Tanzanian case over $195 million NDA breach nears trial.
Zimbabwean tycoon Wicknell Chivayo remains under investigation in South Africa after $3.2 billion dossier
Investigations involving Zimbabwean businessman Wicknell Chivayo continue, despite claims the case has been dropped.
South African billionaire Patrice Motsepe nears $4 billion as 2026 brings fresh gains
South African billionaire Patrice Motsepe nears $4 billion with gains from ARM, Harmony Gold, and Tyme Group.
Starlink blocked in South Africa; Elon Musk claims race-based decision
Elon Musk says South Africa’s race-based telecom rules block Starlink, despite $121.8 million investment and plans for rural schools.
Kudakwashe Tagwirei pours $2.5 million into Zimbabwe’s most successful football club
Zimbabwean billionaire Kudakwashe Tagwirei invests $2.5 million in Dynamos FC, supporting player salaries, operations, and CAF Cup ambitions.
South Africa needs more black billionaires, ANC's Fikile Mbalula says
Fikile Mbalula says empowerment policy must deliver more Black billionaires, defending BEE as the DA pushes an alternative bill.