Namibian tycoon Sven Thieme’s O&L invests in Germany’s largest floating Solar Park
The endeavor aligns with O&L’s commitment to fostering sustainable solutions and contributing positively to societal and ecological welfare.
Southern Africa
South African billionaire Christo Wiese’s stake in Shoprite falls below $900 million
After a brief rise in February-March, his stake in Shoprite has declined by more than $60 million, dipping below $900 million.
South Africa’s richest man loses $1.1 billion in just 15 days
The $1.1-billion plunge in Rupert’s fortune — averaging a daily loss of $73.33 million since March 14 — is directly linked to the market value of his 9.14-percent stake in Richemont.
South African-born tycoon Barry Stuhler gains $3.6 million from Lighthouse stake
Stuhler’s stake in Lighthouse Properties has jumped by $3.64 million, rising from $70.11 million on March 5 to $73.75 million.
South African billionaire Ivan Glasenberg’s fortune grows $120 million in a week
In recent times, Glencore shares are up 1.4 percent, rising from £4.28 ($5.39) on March 21 to £4.34 ($5.47) at the time of drafting this report.
Africa’s first Black billionaire Patrice Motsepe may join $2.9-billion bid for DStv owner
If successful, this collaboration could propel Motsepe into the ownership ranks of MultiChoice Group, further diversifying his holdings in South Africa’s leading companies.
Swazi billionaire Natie Kirsh gains $140 million in two weeks
The bulk of Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings, now valued at $5.68 billion.
MTN led by Zimbabwean exec Ralph Mupita to invest $1.8 billion in data, fintech services in 2024
Under Mupita’s leadership, MTN Group has achieved significant milestones, serving over 289 million customers across 22 countries.
South African tycoon Laurie Dippenaar loses $17.2 million in FirstRand shares
Despite the notable decline in his stake’s value, Dippenaar remains a top investor on the JSE and one of the most affluent business leaders on the African continent.
South African billionaire Saltzman family’s Dis-Chem stake gains $21 million
The $21.08-million increase in the market value of the Saltzman family’s stake in Dis-Chem solidifies their position as significant investors on the JSE.
South African tycoon Jonathan Jawno’s Transaction Capital sells Australian unit of Nutun
Aligned with its value-maximization strategy, Transaction Capital is also pursuing the separation of its WeBuyCars unit, targeting R1.25 billion ($65 million) in capital.
South African banker Sim Tshabalala-led Standard Bank provides $31.6 million in sustainable financing to CNBM
This initiative includes a R500-million ($26.4 million) invoice financing facility and a R100-million ($5.3 million) working capital facility.
South African billionaire Nicky Oppenheimer’s net worth climbs to $10.7 billion
With a current net worth of $10.7 billion, Oppenheimer ranks 223rd on the global wealth list.
South African tycoon Gus Attridge’s stake in Africa’s biggest pharma company hits $215 million
Attridge’s recent financial triumph is attributed to the recent surge in Aspen Pharmacare’s shares on the Johannesburg Stock Exchange (JSE).
South African exec Josua Malherbe faces $2-million loss from Remgro shares
Malherbe, Remgro’s non-executive co-deputy chairman, is one of Remgro’s largest individual shareholders with a holding of 1,178,995 ordinary shares.
Led by South African exec July Ndlovu, Thungela reports $263 million in earnings in 2023
Since its 2021 demerger from Anglo-American, Thungela has undergone significant expansion under Ndlovu.