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Johann Rupert sells $296M worth of FirstRand shares as Remgro accelerates portfolio reshuffle.
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South Africa’s Richest Man Johann Rupert Sells $296M Stake in FirstRand Bank

South Africa’s richest man, Johann Rupert, has sold a major stake in one of Africa’s largest banks, FirstRand, through his investment company, Remgro. The firm disposed of 52 million shares, raising approximately R4.88 billion ($296 million). The sale forms part…

  • Published by ttybrandafrica
  • March 12, 2026

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