Category: Southern Africa Wealthiest

  • How Much Money Do You Need to Join South Africa’s Wealthiest 1%?

    How Much Money Do You Need to Join South Africa’s Wealthiest 1%?

    Johann-Rupert-and-Patrice-Motsepe one of the most wealthiest South Africans in 2024 By Samkele Mchunu In a global study by Knight Frank’s Wealth Sizing Model, the financial threshold to be among the top 1% of earners varies significantly across 25 countries, including South Africa. This analysis reveals the stark disparities in wealth…

  • BHP chief urges Anglo investors to consider takeover benefits

    BHP chief urges Anglo investors to consider takeover benefits

    BHP’s Bid for Anglo American Could Reshape South Africa’s Mining Landscape BHP, the world’s largest mining company, has set its sights on acquiring its smaller rival Anglo American in a move that could significantly reshape South Africa’s mining industry. BHP CEO Mike Henry is actively courting Anglo shareholders, arguing that…

  • South African Airways Seeks Investors and Loans for Expansion Amidst Failed Equity Deal

    South African Airways Seeks Investors and Loans for Expansion Amidst Failed Equity Deal

    Interim Chairman Emphasizes Need for Capital to Accelerate Growth Plans In the wake of a collapsed equity deal and subsequent setbacks, South African Airways (SAA) is actively seeking minority investors, access to capital markets, and loan financing to fuel its expansion ambitions, according to interim Chairman Derek Hanekom. In an…

  • IMF Warns of Widening Income Gap in Sub-Saharan Africa Amid “Tepid” Economic Recovery

    IMF Warns of Widening Income Gap in Sub-Saharan Africa Amid “Tepid” Economic Recovery

    In its latest report, the International Monetary Fund (IMF) has sounded the alarm over the widening income gap between Sub-Saharan Africa and the rest of the world. Despite a modest economic recovery, the region continues to lag behind due to a combination of factors including geopolitical tensions, domestic instability, and…

  • Liquidate or privatize SAA, asap!

    Liquidate or privatize SAA, asap!

    Upon its placement on business rescue in December 2019, it became clear that SAA’smanagement was unable to efficiently run the organisation. It could have been that, theexpectation of assured subsidies from government, led the executive to be wasteful,lack the desire to innovate and also accommodate poor management systems. For instance,…

  • In Southern Africa, the trucking industry is a wealthy and successful enterprise.

    In Southern Africa, the trucking industry is a wealthy and successful enterprise.

    Establishing a transport company in Southern Africa may be a very profitable endeavor, particularly if you take advantage of nations like Botswana and Zimbabwe that produce raw materials and have abundant mineral resources. Lithium, granite, and chromium are just a some of the minerals that are extracted from the area…

  • The Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) Masterclass marked the launch of the Cape Town Infrastructure Report.

    The Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) Masterclass marked the launch of the Cape Town Infrastructure Report.

    The city’s 2023 infrastructure report was unveiled on March 17 at a masterclass held in conjunction with the Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) by Caley Green, the principal professional officer for the city of Cape Town. The revised report, which evaluates the bulk infrastructure of the city…

  • In the fourth quarter, South Africa almost avoids recession due to slow growth.

    In the fourth quarter, South Africa almost avoids recession due to slow growth.

    The newest data released on Tuesday shows that in the fourth quarter of last year, South Africa’s economy just missed going into a technical recession. Data released by Statistics South Africa indicated that the economy expanded by a meager 0.1% on a quarterly basis, after contracting by 0.2% in Q3.…

  • How regional companies can benefit from Brand South Africa 

    How regional companies can benefit from Brand South Africa 

    As the most advanced and broad-based economy on the continent, South Africa offers exporters and investors a diverse and mature economy with proven financial and other service sectors, as well as preferential access to export markets in the European Union, and the Southern African Development Community (SADC) Depending on what…

  • As of the close of 2023, the wealthiest individuals in South Africa.

    As of the close of 2023, the wealthiest individuals in South Africa.

    In 2023, the fortunes of South Africa’s top billionaires have shown a varied trajectory, as per Forbes’ real-time ranking. The consistent leaders — Johann Rupert, Nicky Oppenheimer, Koos Bekker, Patrice Motsepe, and Michiel le Roux — experienced a blend of financial outcomes. Johann Rupert, the luxury goods tycoon, maintained his…