2+ day, 17+ hour ago   (876+ words) Samsung chairman Lee Jae-yong will buy $1.4 billion of shares from his mother Hong Ra-hee, who borrowed to pay a record inheritance tax bill. Lee Jae-yong, the executive chairman of Samsung Electronics and South Korea's richest person, will buy about 1.9 trillion…...

3+ day, 23+ hour ago   (603+ words) Johann Rupert has put his 39-year-old son Anton in charge of Richemont's creative and commercial direction as non-executive co-deputy chairman, announced on the day of the group's annual general meeting. South African billionaire Johann Rupert has appointed his son Anton…...

4+ day, 17+ hour ago   (616+ words) Moulay Hafid Elalamy has closed the €355 million derivative he used to build a stake in Teleperformance, and holds about 12.5% of the CAC 40 group. Moulay Hafid Elalamy has closed the derivative contract he used to build his position in Teleperformance and…...

6+ day, 6+ hour ago   (809+ words) Exxaro Resources will buy out Anglo American's half of the Moranbah South coking coal project in Queensland, then sell the entire asset to Australia's Stanmore Resources for $105 million, exiting its only offshore mining interest. Exxaro Resources is buying the half…...

1+ week, 3+ day ago   (714+ words) Aspen's normalised headline earnings rose 28% in constant currency on flat revenue, as Mounjaro took 53% of South Africa's weight-loss market. Aspen Pharmacare sold roughly the same amount of medicine last year as the year before and made considerably more money doing…...

1+ week, 6+ day ago   (764+ words) Brian Joffe's Bidvest has closed three acquisitions totaling $102 million (R1.67 billion) in its 2026 financial year, headlined by the $92 million purchase of environmental testing specialist Aquatico Group, as the South African services giant posted $8 billion in revenue. Bidvest spent five years buying…...

2+ week, 4+ hour ago   (898+ words) Cornelis Vink sold Chivita to Coca-Cola for $1 billion and bought Union Bank. His Kaizen Properties is building Burna Boy's Bourdillon tower. Cornelis G. Vink owns Tropical General Investments, the Lagos conglomerate whose subsidiary Kaizen Properties is developing 39 Bourdillon in a joint…...

2+ week, 6+ hour ago   (481+ words) Christo Wiese, worth about R31 billion, says the slogan aimed at him for years is meaningless and that 95% of his wealth remains in South Africa. Christo Wiese was one of the men the phrase was invented to describe, and he says…...

2+ week, 5+ day ago   (320+ words) Egyptian billionaire Naguib Sawiris has hit a record net worth of $12.2 billion, adding $1.4 billion in a single month as surging gold prices lift the value of his La Mancha mining portfolio to new highs. Naguib Sawiris has crossed a threshold…...

2+ week, 5+ day ago   (529+ words) The JPMorgan chief and his wife, Judith, have donated $12 million to 12 historically Black colleges through their foundation and the United Negro College Fund. Jamie Dimon, the billionaire chief executive of JPMorgan Chase, and his wife, Judith, have donated $12 million to…...