Swazi billionaire Natie Kirsh’s net worth slumps by $260 million
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.
Southern Africa
South African exec Shameel Joosub-led Vodacom concludes $26.7 million acquisition of Smile Communication
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.
FirstRand shares slump costs South African tycoon Laurie Dippenaar $10.3 million
Dippenaar maintains his position as one of South Africa’s leading investors and one of the most affluent business executives across the African continent.
South Africa’s richest person Johann Rupert’s net worth soars $200 million in a day
After a challenging period, South Africa’s richest person Johann Rupert has seen his net worth rebound by $200 million in the past…
South African tycoon Adrian Gore’s Discovery stake slumps by nearly $40 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
Malawian businessman Hitesh Anadkat gains nearly $16 million from FMB Capital
This recent bump in his fortune comes after his stake in FMB Capital Holdings declined by $6 million between Feb. 1 and March 9.
South African tycoon Jens Montanana loses $5 million from Datatec stake
Montanana’s substantial shareholding continues to cement his status as one of the wealthiest investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s fortune rebounds by $200 million
The surge in Motsepe’s fortune is linked to the performance of his 45.9-percent stake in African Rainbow Minerals (ARM).
Botswana tycoon Gulaam Abdoola’s Turnstar sees rental revenue top $24 million
Turnstar anticipates a significant year-on-year increase in pre-tax profit for the fiscal year ended Jan. 31, 2024, under Abdoola’s leadership.
South African tycoon Jannie Mouton’s Capitec stake slumps by $57.4 million
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.
South African tycoon Neal Froneman-led Sibanye considers cutting 4,000 jobs in major gold restructuring
Froneman underlines restructuring need to fortify balance sheet
South African tech mogul Zak Calisto gains $55.6 million from Karooooo shares in just 9 days
This surge highlights Calisto’s influence in South Africa’s tech sector, underscoring his role in shaping Karooooo’s path forward as a top provider of intelligent transportation solutions.
South African tycoon Barry Swartzberg’s stake in Discovery declines by $10.7 million
Despite the recent setback in Swartzberg’s stake, he retains his position as one of South Africa’s wealthiest businessmen and one of the most successful investors on the JSE.
South African billionaire Ivan Glasenberg gains $520 million in two weeks
Glasenberg’s rising fortune further cements his position among the world’s richest individuals.
South African tycoon Jonathan Jawno’s Transaction Capital debuts WeBuyCars on JSE
The move is seen as a strategic maneuver to unlock shareholder value and expand WeBuyCars’ brand presence in the competitive used-car market.
South African billionaire Stephen Saad gains $21.1 million as Aspen shares soar
This rise in Saad’s stake underscores his pivotal role in South Africa’s business landscape, placing him among the top investors on the JSE.