South African mining mogul Neal Froneman loses $1 million in 33 days
Despite grappling with this recent financial setback, Froneman remains a pivotal figure within South Africa’s mining industry.
Southern Africa
South African billionaire Stephen Saad suffers $36-million loss in 33 days
Despite the recent stock dip, Saad remains a prominent investor on the Johannesburg Stock Exchange and maintains his status as one of South Africa’s leading businessmen.
South African billionaire Patrice Motsepe-backed Sanlam offers $344 million for Assupol
Motsepe, South Africa’s richest Black man with a net worth of $2.7 billion, holds a 7.8-percent stake in insurance giant, Sanlam.
Africa’s first Black billionaire Patrice Motsepe donates $500,000 in Cote d’Ivoire
Motsepe expressed his gratitude, stating, “We are grateful to the Catholic Church and the Muslim Faith for the crucial religious and spiritual work that they are doing…”
Companies linked to South African business executive Keneilwe Moloko
Billionaires.Africa has identified companies and holdings linked to Moloko, emphasizing her role as a top figure in the South African business scene.
South African executive Osman Arbee pockets $4-million salary in 2023
His 2023 compensation package includes a base salary of R12.3 million ($0.65 million) and a performance-based short-term incentive of R15.96 million ($0.84 million).
South African executive Niel Pretorius takes home over $1 million in 2023
Pretorius scored a 2.61-percent increase in his compensation package in 2023, compared to the R19.99 million ($1.06 million) he received in the previous year.
South African billionaire Ivan Glasenberg-linked Glencore cuts cobalt production targets
Despite the challenges in the production sector, Glencore experienced a positive turn in its share price, surging by 2.49 percent over the past 24 hours to £4.25 ($5.42).
French billionaire Vincent Bollore’s firm makes $2.5-billion bid for DStv owner
Bollore, whose wealth stems from his interests in Bollore Group, has witnessed a notable increase in his net worth, amounting to $99.1 million thus far in the year.
Companies owned by South African-born Canadian billionaire Jack Cockwell
From his role in the growth of Brookfield Asset Management to positions in Rogers Communications and Partners Limited, Cockwell’s influence extends across industries.
South African executive Andries van Heerden pockets $1.7-million salary in 2023
Van Heerden received a compensation package of R31.96 million ($1.70 million) in 2023 for his significant role in Afrimat’s financial success.
South African billionaire Michiel Le Roux loses $64.5 million from Capitec Bank stake
Le Roux presently owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
South African tycoon Jonathan Jawno’s Transaction Capital to list WeBuyCars on JSE
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
South African executive Gillian McMahon earns $1.2 million from Bidvest in 2023
This reflects a substantial 50.75-percent increase compared to her compensation package of R15.08 million ($0.8 million) in the preceding year.
South Africa’s richest man Johann Rupert gains $1.2 billion within two weeks
The $1.2-billion surge in his fortune is attributed to the performance of his 9.14-percent stake in Richemont.
Zimbabwean exec Ralph Mupita unveils MTN’s $215-million investment in Benin
Mupita outlined the company’s dedication to providing hope, dignity, and opportunities for Africans.