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).
Southern Africa
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.
Companies owned by South African-born Canadian billionaire Jack Cockwell
From his role in the growth of Brookfield Asset Management to positions in Rogers Communications and Partners Limited, Cockwell’s influence extends across industries.
South African executive Andries van Heerden pockets $1.7-million salary in 2023
Van Heerden received a compensation package of R31.96 million ($1.70 million) in 2023 for his significant role in Afrimat’s financial success.
South African billionaire Michiel Le Roux loses $64.5 million from Capitec Bank stake
Le Roux presently owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
South African tycoon Jonathan Jawno’s Transaction Capital to list WeBuyCars on JSE
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
South African executive Gillian McMahon earns $1.2 million from Bidvest in 2023
This reflects a substantial 50.75-percent increase compared to her compensation package of R15.08 million ($0.8 million) in the preceding year.
South Africa’s richest man Johann Rupert gains $1.2 billion within two weeks
The $1.2-billion surge in his fortune is attributed to the performance of his 9.14-percent stake in Richemont.
Zimbabwean exec Ralph Mupita unveils MTN’s $215-million investment in Benin
Mupita outlined the company’s dedication to providing hope, dignity, and opportunities for Africans.
South African tycoon Giovanni Ravazzotti gains $16.7 million from Italtile stake
Ravazzotti, a prominent figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
South Africa’s second-richest man Nicky Oppenheimer gains $300 million in 11 days
With a current wealth of $9.98 billion, Oppenheimer is the world’s 228th richest individual. In South Africa, he holds the second spot, trailing Johann Rupert.
South African executive Bertina Engelbrecht pockets $1-million salary in 2023
Engelbrecht, the accomplished South African business executive, became group CEO of Clicks Group in January 2022.
Malawian businessman Hitesh Anadkat gains nearly $34 million from FMB Capital
Anadkat holds an impressive 35.51-percent stake in FMB Capital, which accounts for 872,924,575 ordinary shares.
Saudi doctor overtakes South African billionaire Patrick Soon-Shiong as world’s second-richest doctor
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.