
South African billionaire Christo Wiese’s Shoprite stake drops below $1 billion—first time in months
The decline reflects growing pressure on retail stocks in South Africa, as investor sentiment shifts on the Johannesburg Stock Exchange.
The decline reflects growing pressure on retail stocks in South Africa, as investor sentiment shifts on the Johannesburg Stock Exchange.
Tencent’s struggles and global tech uncertainty weigh on Africa’s most valuable company, Naspers.
The family’s stake, previously valued at R4 billion ($213.8 million), now stands at R3.62 billion ($193.95 million).
The recent decline, however, reflects a shift in investor sentiment, despite Discovery's robust financial results.
Discount grocery chain Boxer to launch IPO on Johannesburg Stock Exchange, aiming to raise substantial capital for expansion.
Earlier, between Sept. 6 and 19, his stake increased by R1.68 billion ($95.3 million), lifting the value from R37.94 billion ($2.16 billion) to R39.62 billion ($2.26 billion).
South African billionaire Christo Wiese’s stake in Shoprite has increased by $115.84 million, strengthening his position among Africa’s wealthiest.
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
South African tech tycoon, Jens Montanana’s growing stake underscores his influence as a top investor in South Africa’s tech sector.
The AMETF's listing is a testament to Vunani's commitment to innovation and providing investors with valuable investment opportunities.
Attridge, who serves as the group’s chief advisor, holds a 4.3-percent stake in the Durban-based pharmaceutical giant, amounting to 19,033,829 shares.
Oando’s return to JSE is seen as a positive boost for investor confidence and market position under Wale Tinubu’s leadership.