Eswatini’s richest man Natie Kirsh sees $100 million drop in net worth
Kirsh, who built his empire from a family sorghum-malt business in 1952, derives most of his fortune from his 75-percent stake in Jetro Holdings.
Southern Africa
15 richest mining tycoons in South Africa
Their influence extends far beyond the mines, reaching into banking, infrastructure, and energy—sectors that form the backbone of Africa’s most industrialized economy.
Standard Bank, led by South African banker Sim Tshabalala, unveils $397 million boost for SMMEs
The move is set to widen credit access, stimulate job creation, and bolster economic resilience.
South African executive Simon Baloyi-led Sasol posts $6.7 billion in revenue in H1 2024
The decline in revenue was driven by a combination of weaker oil prices, a 5 percent drop in sales volumes, and softer market demand.
Zimbabwe’s richest man urges local venture funding, pushes for high school entrepreneurship
Strive Masiyiwa believes a stronger local investment ecosystem would create a more sustainable future for entrepreneurs across the continent.
South African billionaire Patrice Motsepe’s ARC, raises stake in JSE-listed Alexforbes to $264 million
Patrice Motsepe’s ARC raises its stake in JSE-listed Alexforbes to $264.34 million, reinforcing its influence in South Africa’s financial services sector.
Prosus, led by South African Billionaire Koos Bekker, acquires food delivery firm for $4.3 billion
Prosus acquires Just Eat Takeaway.com for $4.3 billion, expanding its European food delivery dominance and leveraging AI, investment expertise, and logistics innovation.
Ninety-One boosts stake in insurer linked to Africa’s first Black billionaire to over $510 million
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms.
Trustco, owned by one of Namibia’s richest families, faces fresh suspension in South Africa
The move comes after Trustco revealed that it is considering delisting from the Johannesburg Stock Exchange as part of its plan to pursue a direct listing on Nasdaq.
Oppenheimer, South Africa’s second-richest man, is $550 million richer this year
In the first two months of 2025, his net worth has risen from $11.6 billion to $12.1 billion.
Neal Froneman, South African mining tycoon, leads Sibanye to $70.4 million profit in H2 2024
Sibanye-Stillwater posts a $70.4 million profit in H2 2024, driven by restructuring, cost-cutting, and higher gold prices as CEO Neal Froneman nears retirement.
South Africa’s richest man loses $400 million after brief surge to $17 billion
The drop followed a wave of profit-taking by investors, which pushed down the share price of Richemont, where Rupert holds a significant stake.
Anglo American, led by South Africa’s Duncan Wanblad, to pay $791-million dividend
This comes despite a 64.94 percent decline in headline earnings, underscoring commitment to shareholders amid a challenging operating environment.
Glencore weighs shock London delisting under South African executive Gary Nagle
Glencore’s review comes amid mounting concerns over the attractiveness of the LSE, where UK equities have traded at a persistent discount.
Sibanye, led by South African tycoon Neal Froneman, strikes chrome management deal with Glencore
The deal will see Glencore’s joint venture with Merafe Resources oversee Sibanye’s chrome recovery plants in South Africa.
South African executive Mpumi Zikalala led-Kumba Iron Ore to reward shareholders with $347 million
Kumba Iron Ore declares R19.9 ($1.08) per share final dividend for fiscal year 2024, despite a 20.53% revenue decline and ongoing logistics challenges.