Nicky Oppenheimer’s net worth rises by $700 million
The recent upswing is largely credited to the revaluation of his wide-ranging private investments.
Southern Africa
Johann Rupert’s Richemont supports YNAP with $114 million loan
Richemont backs YNAP with a $114 million credit line to bolster digital luxury expansion, following EU approval of Mytheresa’s acquisition of YNAP.
Mzi Khumalo: South African tycoon who built Capital Alliance into an $8 billion asset manager
South African entrepreneur Mzi Khumalo built Capital Alliance into an $8 billion asset manager, blending sharp business acumen with social impact.
Vodacom, led by Shameel Joosub, poised for major comeback
The Johannesburg-listed telecom giant raised medium-term guidance, signaling a potential turnaround driven by gains in Egypt and fintech.
7 South African-born billionaires who are citizens of other countries
Their ventures have reshaped industries, establishing a lasting global legacy.
Ackerman family stake tops $180 million as Pick n Pay shares rebound
The family owns 16.71 percent of Pick n Pay, which amounts to 124.68 million shares.
Rodney Sacks, South African executive behind Monster Energy’s $57 billion rise
Rodney Sacks, a South African-born lawyer, built Monster into a $57 billion giant, transforming the global energy drink industry.
Motsepe donates $10 million to support youth sports, education in Africa
The donation highlights his commitment to youth empowerment through sport and education across Africa.
Trevor Noah backs Stitch's latest $55 million funding round
Noah’s involvement as an angel investor is a testament to the growing overlap between Africa’s creative talent and the global tech investment scene.
Michiel Le Roux gains nearly $300 million from Capitec stake
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
JP Morgan takes new shares worth $288 million in Bernard Berson-led Bidcorp
It reflects the bank’s growing confidence in the Johannesburg-based food service group, which is led by Bernard Berson.
Clicks Group, led by Bertina Engelbrecht, plans $54.5 million expansion
Clicks Group, led by Bertina Engelbrecht, to invest $54.5 million to expand stores, upgrade supply chains, and grow health and beauty segments.
Masiyiwa loses $600 million but pushes ahead with Africa’s first AI factory
His net worth has fallen to $1.2 billion, down from $1.8 billion in January, part of a steady slide since 2022, when his fortune peaked at $3 billion.
Jannie Mouton's PSG Group posts $73 million profit
PSG's net profit rose 23.47 percent to R1.38 billion ($73.21 million), up from R1.12 billion ($59.29 million) in the previous year.
Stephen Brookes' Balwin secures $52.5 million for Tshwane project
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
JP Morgan buys $30 million in new shares of Mpumi Madisa-led Bidvest
The $30 million purchase reflects JP Morgan’s growing confidence in Bidvest’s leadership and operational strength across freight, services, and automotive sectors.