South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
Southern Africa
South African exec Anthony Thunstrom-led TFG to strengthen presence in South African sportswear market
TFG aims to solidify its position in the burgeoning sportswear segment amidst resilient consumer demand, despite the challenges posed by the COVID-19 pandemic.
South African billionaire Michiel Le Roux’s stake in Capitec hits $1.5 billion
The recent surge in the lender’s share price comes on the heels of its recent acquisition of a majority stake in Cyprus-based digital non-bank consumer lender, Avafin
South African tycoon Johann du Toit’s satellite tech firm secures $14.7-million investment
The funding, led by NewSpace Capital and Knife Capital, aims to enhance production capabilities as the company gears up for an expansion into Europe.
South African-born tycoon Barry Stuhler rakes in $3.79 million from Lighthouse stake
This $3.79-million gain further solidifies Stuhler’s position as one of the top investors on the JSE and one of the wealthiest businessmen in the country.
South African businessman Jannie Mouton gains $33 million from Capitec stake
This significant rise in Mouton’s stake reinforces his standing as one of the most affluent investors on the Johannesburg Stock Exchange
South African billionaire Michiel Le Roux’s Capitec raises stake in Cyprus-based Avafin
Capitec Bank, founded two decades ago by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, has evolved into a globally renowned banking brand.
South African exec Arrie Rautenbach guides Absa Group to record $5.3-billion revenue in 2023
Absa Group, a Johannesburg-based diversified financial services provider led by South African banking executive Arrie Rautenbach, achieved a significant milestone in its…
Swazi billionaire Natie Kirsh rakes in $440 million in five weeks
The recent increase in his wealth solidifies his position among the world’s wealthiest individuals.
South African billionaire Christo Wiese gains $46.9 million from Shoprite shares
The recent multimillion-dollar increase in the market value of his stake can be attributed to increased investors’ interest in the retail giant.
Startup backed by South billionaire Koos Bekker’s Naspers secures $16 million from Standard Bank
The recent funding from Standard Bank is a significant milestone toward achieving this goal and transforming auto financing for traditionally underserved demographics.
South Africa’s second-richest man Nicky Oppenheimer gains $200 million in 12 days
With his current fortune of $10.5 billion, Oppenheimer claims the 229th spot on the global list of the wealthiest individuals.
South African tycoon Laurie Dippenaar’s FirstRand stake slumps below $340 million
FirstRand’s shares decline by 3.69 percent, market cap dips below the $20-billion mark.
Namibian businessman Sven Thieme guides O&L in acquisition of Dimension Data Namibia
The ambitious acquisition, pending regulatory approvals, represents a milestone for O&L Group, already riding high on Thieme’s success in leading the sale of a 50.01-percent stake in NBL Investment Holdings.
South African tech mogul Zak Calisto gains $41.7 million from Karooooo stake
This rise comes on the heels of a significant setback, where Calisto experienced a $26.41-million loss between Feb. 12 and Feb. 23.
Malawian businessman Hitesh Anadkat loses $6 million from FMB Capital stake
Despite the recent decline in the market value of his stake, Anadkat retains his position as one of the wealthiest investors on the Malawi Stock Exchange.