South African executive Eric Smuts earns $1-million salary from Nampak in 2023
Smuts — who stepped down as CEO of Nampak on April 20, 2023 — received a compensation package comprising a base salary of R4.73 million ($0.256 million)
Southern Africa
Botswana tycoon Farouk Ismail sees $3.4 million eroded from Choppies stake in 2023
Despite the plunge, Ismail continues to stand out as a top figure on the Botswana Stock Exchange.
7 companies owned by South African mining tycoon Sipho Nkosi
From Eyesizwe Holdings to Tronox Holdings, witness the enduring impact of Nkosi’s legacy on business, social development, and inclusive economic practices.
South African tycoon Laurie Dippenaar gained $59 million in 2023 from FirstRand
Presently, Dippenaar holds a 1.76-percent stake in FirstRand, to 98,726,988 shares — this stake makes him one of South Africa’s leading investors.
6 companies linked to South African business executive Anthony Leeming
From Sun International to Emperors Palace and the diversified Peermont Group, witness the transformative influence of Leeming in shaping the hospitality industry.
South Africa’s richest man Johann Rupert rebounds strongly, gains $1.49 billion in 2023
The surge in Rupert’s fortune not only cements his position as one of Africa’s richest billionaires but also propels him to the top of South Africa’s wealth hierarchy.
Africa’s first Black billionaire Patrice Motsepe lost $600 million in 2023
The decline in his net worth is closely tied to the sustained downturn in the market value of his 40.37-percent stake in African Rainbow Minerals (ARM).
6 companies owned by Zimbabwean businessman John Moxon
From retail and agriculture to hospitality and security, Moxon’s strategic leadership has shaped a conglomerate with a century-long history.
South African billionaire Saltzman family gains $131.2 million in 65 days
Lynette and Ivan Saltzman own a beneficial 35.12-percent stake in the Gauteng-based Dis-Chem Pharmacies.
South African billionaire Patrick Soon-Shiong’s net worth soars above $10 billion
Soon-Shiong’s financial resurgence throughout this year highlights his business skills and significant influence in healthcare and biotechnology.
Hitesh Anadkat, one of Malawi’s richest men, gains $9.7 million in 43 days
Anadkat holds an impressive 35.51-percent stake in FMB Capital Holdings.
7 companies linked to Namibian businessman Koos Brandt
With an $87.2-million stake in Capricorn Group, Brandt’s astute investments make him the richest investor on the Namibia Stock Exchange.
South African exec Iolanda Ruggiero earns $1.1-million salary from Nedbank in 2022
In 2022, Ruggiero received a notable compensation package of $1.1 million, reflecting a 13.31-percent increase from the previous year.
Johann Rupert reemerges as Africa’s richest man in latest Forbes ranking
While Forbes positions Rupert as the richest man in Africa, with a net worth of $10.2 billion, Bloomberg’s estimations paint a different picture.
Kanye West issues apology for anti-Semitic comments following $1.6-billion wipe-out
In October 2022, West faced backlash on social media as Instagram, owned by Meta Platforms Inc., and Twitter, now X, removed anti-Semitic posts from his accounts.
South African business executive Neal Froneman gains $3.4 million in 36 days
Sibanye-Stillwater has experienced a remarkable surge in recent months.