South African executive Arrie Rautenbach-led Absa opens doors in China’s capital
This move aligns with Absa’s client-centric approach, which is poised to play a growing role in global trade, particularly in the China-Africa investment relationship.
Southern Africa
South African tycoon Gerrie Fourie gains $7.6 million from Capitec Bank shares
As Capitec Bank’s CEO, Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
South Africa’s richest man Johann Rupert’s Richemont acquires Italian jeweler
The transaction aligns with Richemont’s growth strategy under Rupert’s leadership and deepens the group’s jewelry holdings.
JP Morgan invests $215 million in South African tycoon Neal Froneman-led Sibanye-Stillwater
JP Morgan’s investment signals confidence in Sibanye-Stillwater’s ability to weather financial challenges and highlights the growth potential of the mining sector.
Malawian businessman Hitesh Anadkat loses $12 million in FMB Capital share drop
Despite the recent setbacks, Anadkat remains one of the wealthiest investors on the Malawi Stock Exchange.
South African tycoon Neal Froneman-led Sibanye seeks debt covenant relief after profit plunges
Sibanye-Stillwater under Froneman faces a critical juncture, needing to navigate a series of impairments and potential covenant breaches to secure its financial future.
South African tycoon Laurie Dippenaar’s FirstRand gets nod for $16.2-million bond listing
This issuance brings the total amount outstanding under the company’s seven-year bond program to R41.01 billion ($2.22 billion).
South African-British billionaire Clive Calder’s fortune jumps $300 million in 16 days
Calder’s recent wealth surge solidifies his position as a top figure on both the African and global stages, underscoring his enduring influence.
South African banker Alan Pullinger’s FirstRand stake hits $20 million
Pullinger’s newfound wealth cements his status as one of South Africa’s most affluent executives.
Africa’s first Black billionaire Patrice Motsepe backs Lesaka as it inks $85-million deal to acquire Adumo
Motsepe, who became Africa’s first Black billionaire in 2008 thanks to his mining ventures, is establishing a new base for his fortune, building resilience, and seeking future opportunities.
French billionaire’s firm buys $30.6-million stake in DStv parent, MultiChoice
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice, signaling its expanding ambitions in Africa’s entertainment market.
South African tycoon Jonathan Jawno gains $3 million from Transaction Capital stake
Jawno, a founding member of Transaction Capital, holds a 9.59-percent stake in the group, amounting to 72,667,000 ordinary shares.
South Africa’s richest man Johann Rupert’s wealth jumps $500 million in 6 days
The surge in Rupert’s wealth, an average gain of $83.3 million per day since May 2, is attributed to the performance of his 9.14-percent stake in Richemont.
South African tycoon Giovanni Ravazzotti takes $9.1-million hit from Italtile stake
As a result of the recent share price decline, Ravazzotti, who founded Italtile in 1969 and owns a 33.88-percent stake (447,746,694 shares).
South African businessman Des de Beer’s trust secures approval for $447-million bond listing
Rand Merchant Bank, a division of FirstRand, assumed the role of debt sponsor, further bolstering confidence in Resilient’s financial endeavors.
Absa Group, led by South African exec Arrie Rautenbach, unveils $3.2-billion bond program
Rautenbach, a veteran South African banker with deep financial services expertise, holds a 0.026 percent stake (218,412 shares) in Absa Group.