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.
Southern Africa
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.
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.
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.