South Africa’s richest man Johann Rupert loses $1.1 billion, net worth drops below $16 billion
Since the start of March, Richemont’s shares have dropped more than 11 percent, bringing the value of his stake down from $12.5 billion to $11.5 billion.
South Africa
Anglo American, led by South Africa’s Duncan Wanblad, plans to list De Beers
Anglo-American considers listing De Beers as it exits diamonds, marking the end of a century-old partnership amid market turmoil and weak demand.
Ugandan tycoon Patrick Bitature suffers another legal defeat against South Africa’s Vantage
Ugandan tycoon Patrick Bitature suffers another legal defeat against South Africa’s Vantage
Anglo American, led by South Africa’s Duncan Wanblad, to restructure operations, reduce jobs
The company is shedding assets and gearing up to spin off its platinum division in a push to streamline operations and boost profitability.
Standard Bank, led by South African banker Sim Tshabalala, posts $2.4 billion earnings
Under Tshabalala, Standard Bank has continued to strengthen its position as a leading financial institution in Africa, expanding its reach while delivering strong profits.
Former chief of Africa’s biggest firm makes $19 million in just over a month—here’s how
Over the past 37 days, Bob van Dijk’s stake has increased by R353.53 million ($19.39 million) amid renewed investor confidence.
Fairtree invests $210 million in South Africa’s richest man Johann Rupert’s Remgro
This reinforces Fairtree’s commitment to investing in high-quality South African businesses while expanding its footprint in the country’s equity market.
ArcelorMittal South Africa, tied to Noluthando Gosa, to end long steel production by April
After prolonged discussions with authorities, ArcelorMittal SA said it had no choice but to move forward with the shutdown.
Glencore, led by South Africa’s Gary Nagle, wins $120 million payout in Nigerian LNG battle
The legal dispute underscores escalating tensions in global LNG markets, as suppliers and traders grapple with post-2022 contract enforcement challenges.
15 richest mining tycoons in South Africa
Their influence extends far beyond the mines, reaching into banking, infrastructure, and energy—sectors that form the backbone of Africa’s most industrialized economy.
Anglo American, led by South Africa’s Duncan Wanblad, to pay $791-million dividend
This comes despite a 64.94 percent decline in headline earnings, underscoring commitment to shareholders amid a challenging operating environment.
Sanlam, backed by Patrice Motsepe, partners with Fedhealth to expand affordable healthcare in South Africa
Sanlam partners with Fedhealth to provide integrated healthcare, insurance, and investment solutions, expanding affordable healthcare access to South Africans.
Standard Bank, led by Sim Tshabalala, commits nearly $1 billion to Barloworld acquisition
The bank’s backing is a key part of the broader R22.8 billion ($1.23 billion) bid, reinforcing its role as a dominant corporate financier on the continent.
South African billionaire Nicky Oppenheimer adds $225 million to his net worth
Oppenheimer’s fortune has risen from $11.6 billion at the start of the year to $11.8 billion as of Jan. 22, showcasing consistent financial gains.
Caxton appeals to constitutional court over Media24’s $2.5 million restructuring deal
Caxton appeals Media24’s $2.5 million restructuring plan, citing risks to media diversity, rural access, and competition in South Africa’s shifting print landscape.
South African billionaire Christo Wiese’s Brait completes bond buyback, cuts debt by $5.3 million
This is part of the company’s broader strategy to strengthen its financial structure and improve its balance sheet.
