South African businessman Stephen Brookes loses $4.5 million in Balwin stake
Since Jan. 31, the market value of Brookes’ stake in Balwin Properties has declined by $4.55 million, decreasing from $21.84 million to $17.29 million.
Southern Africa
South African tycoon Giovanni Ravazzotti loses $39.6 million from Italtile stake
Despite this financial setback, Ravazzotti retains his status as one of the high-value investors on the JSE and one of the country’s most affluent individuals.
South Africa’s richest man Johann Rupert’s Remgro posts $1.3-billion half-year revenue
Ranked as Africa’s second-richest man and South Africa’s wealthiest individual, Rupert maintains significant control over Remgro Limited.
Exxaro earnings fall below $600 million under South African executive Nombasa Tsengwa
Commenting on the financial results, Tsengwa expressed confidence in the company’s ability to create value despite the challenges faced during the fiscal year.
FirstRand shares plunge, costing South African businessman Johan Burger $1.47 million
Burger, a former CEO and non-executive director at FirstRand, holds a 0.11-percent stake equivalent to 6,000,000 ordinary shares in the financial services giant.
South Africa’s job crisis worsens as CEO Shameel Joosub leads Vodacom to cut 80 jobs
The decision to cut approximately 80 jobs has drawn criticism from organizations such as the Congress of South African Trade Unions (COSATU).
South Africa’s Ackerman family loses $64 million as Pick ‘n Pay struggles mount
The downturn in Pick ‘n Pay’s market value coincides with recent financial challenges and legal disputes. The retailer is embroiled in a legal battle with one of its major franchises.
South African businessman Barry Swartzberg’s investment in Discovery drops by $12 million
Despite the recent setback in Swartzberg’s holdings, he retains his position as one of South Africa’s wealthiest businessmen
Sim Tshabalala projects Standard Bank’s sustainable financing to top $15.6 billion by 2026
With Tshabalala at the helm, Standard Bank continues to achieve significant milestones, connecting African markets with global economies while delivering strong returns to shareholders.
South African tycoon Jonathan Jawno gains $7.7 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.
Africa’s first Black billionaire Patrice Motsepe to receive $28.8 million from ARM
The $28.8-million interim dividend will be deposited into Patrice Motsepe’s bank account on Mon., April 8, 2024.
South African banker Alan Pullinger loses $3 million as FirstRand shares dip
While some banking executives are weathering the storm, Pullinger has seen millions of dollars shaved off his holdings.
South African tycoon Adrian Gore loses $25.6 million from Discovery shares
Despite the setback, Gore remains a prominent figure on the JSE and retains his position as one of South Africa’s wealthiest individuals and leading business executives.
South African banker Sim Tshabalala reiterates Standard Bank’s commitment to climate policy amidst rising criticism
Standard Bank thrives financially but faces criticism for funding fossil fuels.
South African tycoon Jens Montanana loses $4.5 million from Datatec stake
Montanana’s significant shareholding continues to position him as one of the wealthiest investors on the Johannesburg Stock Exchange.
Under South African business leader Sim Tshabalala, Standard Bank delivers $2.3-billion headline earnings
Under Tshabalala, the bank continues to reach significant milestones.