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South Africa officially has a new dollar billionaire
Chief executive and founder of Karooooo, Zak Calisto, has cross the threshold into dollar-billionaire status, with his holdings in the group now worth $1.07 billion.
Finance
These are the billionaire South Africans living in the US, UK and Australia
South Africa is currently home to seven billionaires officially listed on Forbes’ rich list for 2025, with at least one more super-wealthy individual waiting in the wings to join the ranks.
Read MoreStandard Bank and ICBC partnership opens doors for African exports at massive trade expo
Just as Africa’s leading exporters converged in China for the 2025 China–Africa Economic and Trade Expo (CAETE), a landmark announcement electrified the trade landscape: China declared zero import duties on goods from the 53 African countries with diplomatic ties.
Read MoreWhy South Africans should consult a financial adviser for wealth building
In South Africa, where Financial Freedom remains a dream for many, new research shows that the path to real wealth might begin with one simple step: speaking to a financial adviser.
Read MoreAI in Banking Won’t Succeed Without These 5 Essentials
The idea of artificial intelligence managing people’s finances might have sounded like science fiction a decade ago, but the reality is that AI is already deeply embedded in many financial operations.
Read MoreCapitec CEO donates R22 million in shares to an interesting company
Capitec chief executive Gerrie Fourie donated R22.5 million in the bank’s shares to Rooom, a company owned by Micke de Villiers (nee Fourie).
Read MoreAn innovative South African company doubled investors’ money in a year
Purple Group, which owns EasyEquities, GT247, and RISE, has shown strong growth over the last year, doubling shareholders’ money.
Read More#YouthMonth: How Philani Potwana's journey from trainee to CEO is reshaping African banking
From graduate trainee to CEO of Private Core Banking at FNB, Philani Potwana exemplifies purpose-driven leadership, resilience, and innovation.
Read MoreMost expensive province to buy groceries in South Africa
In June 2025, Johannesburg continues to be the most expensive city in South Africa’s three major metros for groceries, followed by Cape Town and then Durban.
Read MoreAfreximbank launches African Trade Report 2025
Afreximbank has launched its flagship African Trade Report 2025, themed “African Trade in a Changing Global Financial Architecture”, during the Afreximbank Annual Meetings (AAM2025) in Abuja, Nigeria.
Read MoreNew president of Afreximbank named amid strategy for $250bn growth
With a nearly three-decade career at Afreximbank marked by strategic leadership and transformative impact, Dr. George Elombi has played a central role in shaping the Bank’s evolution.
Read MoreOPEC Fund commits $1bn in new financing for developing nations
The OPEC Fund For International Development has pledged to provide more than $1bn in funding to Africa and developing countries elsewhere as part of a broader $2bn pledge by Arab nations over the next five years.
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