February 8, 2025
Business mogul Rupert suffers setback as R5bn deal bombs

South Africa’s wealthiest and outspoken businessman Johann Rupert has suffered a festive season setback. This after a deal that involved $300-million (R5.5b-illion) to acquire his online fashion retail business was terminated. Deal called off Rupert’s crown jewel, Reichmont, a Swiss company he chairs, announced on Monday that the deal had bombed out…
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