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With Leeming at the helm, the leading hospitality and leisure group will sell a 43.3-percent equity stake in TCN, which operates the Federal Palace Hotel in Lagos.
Despite the decline, the Saltzmans remain prominent investors on the Johannesburg Stock Exchange (JSE).
Prosus, a global consumer internet group founded in 1997 under South African billionaire Koos Bekker’s leadership, has become one of the world’s largest technology investors.
The latest bump in his fortune comes on the heels of previous gains between Feb. 12 and March 24, when his stake in Aspen grew by R447.12 million ($25.12 million).
The partnership aligns with Trustco’s active pursuit of new capital sources, particularly in the wake of the decline in its market capitalization in recent years.
The $260-million decline in his fortune is attributed to the performance of his 75-percent stake in Jetro Holdings, a New York-based consumer goods holding company.
In a public announcement, Vodacom Tanzania emphasized the strategic significance of the acquisition in enhancing its network infrastructure and delivering superior services to its customers.
Dippenaar maintains his position as one of South Africa’s leading investors and one of the most affluent business executives across the African continent.
After a challenging period, South Africa’s richest person Johann Rupert has seen his net worth rebound by $200 million in the past…
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
This recent bump in his fortune comes after his stake in FMB Capital Holdings declined by $6 million between Feb. 1 and March 9.
Montanana’s substantial shareholding continues to cement his status as one of the wealthiest investors on the JSE.
The surge in Motsepe’s fortune is linked to the performance of his 45.9-percent stake in African Rainbow Minerals (ARM).
Turnstar anticipates a significant year-on-year increase in pre-tax profit for the fiscal year ended Jan. 31, 2024, under Abdoola’s leadership.
Despite the recent setback, Mouton still holds his position as one of the most affluent investors on the JSE and remains one of the wealthiest individuals in South Africa.
Froneman underlines restructuring need to fortify balance sheet