Luxury

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in Capitec Bank shares.

Omokolade Ajayi May 7, 2026

Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.

Billionaires Business Hot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

Access Bank’s acquisition of National Bank of Kenya comes into focus as new Nigerian central bank rules reshape foreign banking exposure.

Omokolade Ajayi May 7, 2026

Business Hot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi May 7, 2026

Business Exclusive

Meet Nasim Devji: Kenya’s first female commercial Bank CEO

Nasim Devji, Kenya’s first female commercial bank CEO, has led DTB Group since 2001, driving steady growth across East Africa.

Timilehin Adejumobi May 7, 2026

Gibson Wachaga, Fintrust Securities Limited CEO

Business Hot News

Kenya’s Fintrust Securities gets investment banking license

Fintrust Securities secures CMA approval, entering Kenya’s investment banking space with expanded bond trading capabilities.

Timilehin Adejumobi May 7, 2026

Our Team

Feyisayo Ajayi 1478 Articles

Feyisayo Ajayi is the Head of Digital strategy and growth, Shore Africa, the flagship media brand under the Travel Shore umbrella. He brings over a decade of multidisciplinary experience across media, finance, and technology. Feyisayo holds a bachelor’s degree in Geology from the University of Ibadan, Nigeria.

Digital strategy and growth,

Omokolade Ajayi 400 Articles

Timilehin Adejumobi 900 Articles

Oluwatosin Alao 338 Articles

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Meet Nasim Devji: Kenya’s first female commercial Bank CEO

Kenya’s Fintrust Securities gets investment banking license

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

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