Led by Zimbabwean exec Ralph Mupita, MTN secures $200 million from Mastercard
This investment commitment to fostering technological and infrastructural development across Africa.
Southern Africa
Bill Gates- and Jeff Bezos-backed mining venture discovers copper deposit in Zambia
With backing from Breakthrough Energy Ventures, led by Gates and Bezos, KoBold is poised to advance its operations rapidly to meet the surging global demand.
South African executive Fleetwood Grobler pockets $2.1-million salary in 2023
Despite a 5.24-percent decrease compared to the previous year’s R42.95 million ($2.26 million), Grobler’s leadership continues to play a key role in Sasol’s financial performance.
South African-born billionaire Patrick Soon-Shiong gains $320 million within 72 hours
This financial turnaround, pushing Soon-Shiong’s fortune beyond the $10-billion milestone, reaffirms his position among Africa’s wealthiest billionaires.
South African mogul Neal Froneman remains resilient in Sibanye’s copper asset pursuit
Froneman emphasized the challenges of the current copper market, acknowledging its prior overheating but highlighting a gradual recovery.
South African tycoon Ivan Saltzman sells $75.15 million worth of Dis-Chem shares
The sell-off, a routine measure to trim his stakes in the leading group, follows Saltzman’s decision to step down as the CEO in June 2023.
One of Malawi’s richest men, Thom Mpinganjira loses $8 million in 32 days
Mpinganjira, the founder of the FDH Bank Plc, owns a 40.7-percent indirect stake in the Blantyre-based lender.
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.
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.