South African executive Bongiwe Ntuli pockets $1.6-million salary at TFG
Ntuli’s pay saw a significant 62.45-percent increase in 2023, compared to the prior year’s R18.16 million ($0.97 million).
Southern Africa
South Africa’s richest man has now lost over $600 million so far in 2024
The key factor behind the plunge in Johann Rupert’s fortune is the recent decline in the market value of his 10.18-percent stake in Richemont.
Koos Bekker-led Naspers boosts South Africa investments ahead of Amazon’s entry
Naspers South Africa CEO Phuthi Mahanyele-Dabengwa affirmed the group’s commitment to fortify its businesses in anticipation of Amazon’s impending entry.
Filipino billionaire Enrique Razon’s South African port venture faces labor union opposition
With the recent uncertainty surrounding the labor unions’ demands, Razon has seen his net worth decline by $202 million this year.
Eswatini’s richest man Natie Kirsh suffers $55-million loss since start of 2024
Kirsh’s net worth has decreased by $55.4 million since the start of 2024 — falling from $7.61 billion on Jan. 1 to $7.56 billion at the time of writing.
Patrice Motsepe’s ARM faces setback as court refuses appeal on diesel rebates dispute
The court decision impacts the ARM-Glencore joint venture’s financial standing.
South African executive Anthony Thunstrom earns $3.4-million salary from TFG in 2023
Thunstrom’s compensation surged by an impressive 86.8 percent compared to the previous year, reaching R34.19 million ($1.83 million).
6 companies linked to South African businessman Whitey Basson
From transforming Shoprite into a retail giant to reshaping the grocery market, Basson’s enduring impact reverberates across various sectors.
South African executive Pieter van der Westhuizen earns nearly $1-million salary in 2023
As the group’s CFO since Sept. 2013, Westhuizen’s remuneration marks an 18.4 percent increase from the R12.3 million ($0.66 million) package he received in the prior year.
5 companies linked to Siza Mzimela, the first Black woman to start an airline
From her historic role as CEO of South African Airways to founding Fly Blue Crane and leading transformative ventures.
South African-born billionaire Patrick Soon-Shiong loses $520 million in first week of 2024
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
5 companies owned by reclusive Zimbabwean tycoon Zinona Koudounaris
Unearth his vast portfolio, spanning from Simbisa Brands’ fast-food dominance to Padenga Holdings’ global presence in luxury fashion.
South African executive Peter Mountford pockets $1.2-million salary in 2023
Mountford’s compensation package demonstrates a remarkable increase from the previous year’s total of $0.96 million.
7 companies owned by South African real estate tycoon Stephen Brookes
From affordable housing to energy solutions, delve into Brookes’ multi-millionaire league status and his commitment to community empowerment and philanthropy.
Namibian tycoon Koos Brandt made $20 million in 2023 from Capricorn shares
Brandt, who stepped down as chairman of Capricorn in 2017, owns an 18.5-percent stake in the Windhoek-based investment firm.
Zimbabwean businessman John Moxon made nearly $100 million in 2023
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.