South African exec Marthinus Visser pockets $1 million from OUTsurance in 2023
Visser saw a notable 43.68-percent increase in his 2023 compensation package compared to the R14.03 million ($0.74 million) he received in the previous fiscal year.
Southern Africa
South African billionaire Ivan Glasenberg loses $860 million in just 24 days
The $860-million year-to-date wealth loss is attributed to the sustained dip in the market value of his 9.81 percent stake in Glencore.
South African tycoon Laurie Dippenaar loses $28 million from FirstRand stake
Dippenaar, who co-founded Rand Consolidated Investing in 1977 and grew it into a leading financial services group, holds a 1.76-percent stake in FirstRand.
South African-born billionaire Patrick Soon-Shiong loses $460 million in 17 days
This financial setback is attributed to the sustained sell-offs that affected the market value of his 76-percent stake in ImmunityBio.
South African executive Raisibe Morathi pockets $1.48 million as Vodacom CFO
In addition to her executive and governance roles, Morathi holds a 0.01-percent stake in Vodacom, owning 243,554 shares valued at $1.38 million.
South African businessman Barry Swartzberg loses $12.6 million in 23 days
Swartzberg remains a prominent figure among South Africa’s businessmen, retaining his position as one of the most affluent investors on the JSE.
South African tycoon Jens Montanana’s Datatec acquires UK-based Rebura
Datatec has made a significant stride in expanding its global presence by acquiring Rebura.
South African executive Mpumi Madisa pockets $2.4-million salary in 2023
The generous package highlights Madisa’s pivotal role in steering Bidvest to outstanding financial success.
South African executive David Cleasby takes home $2.2-million salary in 2023
The compensation package includes a base salary of $0.39 million, a performance-based short-term incentive of $0.09 million, and long-term incentives totaling $1.11 million.
South African MMA fighter Dricus du Plessis pockets $1 million as UFC’s newest champion
The $1-million payout is a notable increase from his previous earnings.
South Africa’s richest man Johann Rupert’s Richemont hits $6.1 billion in Q3 sales
Rupert’s wealth skyrockets to $12 billion as Richemont’s sales surpass expectations.
South African tycoon Johan Burger suffers $1.9-million loss from FirstRand stake
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.11-percent ownership stake in the leading financial services conglomerate.
South African tycoon Adrian Gore loses $52 million as Discovery shares slump
Despite this setback, Gore maintains his status as a top figure among the richest investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s bank targets $1-billion valuation
The bank is eyeing substantial funding of up to $100 million in a Series-D round.
Meet Keneilwe Moloko: A leading force in South African corporate governance
Her career, spanning finance, real estate, and non-profit initiatives, showcases her as a visionary, a trusted advisor, and a catalyst for ethical and sustainable business practices.
South African multimillionaire Saltzman family suffers $22-million loss from Dis-Chem stake
The market value of the Saltzman family’s joint stake in Dis-Chem Pharmacies has declined from $487.7 million on Jan. 1 to $465.61 million.