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South Africa

October 25, 2021

Oppenheimer family drives Asian investments with new Singapore family office, Mining magnate Andrew Forrest pushes green hydrogen, Ford Foundation to divest millions from fossil fuels.

Oppenheimer family drives Asian investments with new Singapore family office

The Oppenheimer family, heirs to the DeBeers diamond fortune, is the latest family enterprise to extend its family office into Singapore.

May 24, 2021

Heineken brews acquisition of South Africa’s Distell Group, Berlusconi family's Fininvest exits Mediobanca, Nathan Cummings Foundation calls for racial equality in impact investing.

Heineken brews acquisition of South Africa’s Distell Group

Family-owned Heineken, the world’s second-largest brewer, could buy a majority share of a unique $1.8 billion South African wine and spirits company, making the deal its second acquisition in 2021.

The fourth-generation Dutch beer maker confirmed last week it is in talks with Distell Group Holdings over a “potential transaction”. The $23.7 billion brewer added discussions were ongoing and there was no certainty an agreement would be reached.

April 12, 2018

The family-run South African luxury travel group Mantis has sold a 50% stake to Europe’s largest hotelier in a bid to ensure future growth in the competitive global hospitality market.

The family-run South African luxury travel group Mantis has sold a 50% stake to Europe’s largest hotelier in a bid to ensure future growth in the competitive global hospitality market.

The Mantis deal with AccorHotels, for an undisclosed sum, is the latest instance of a major family business financing expansion by releasing significant equity to capital providers, a growing trend revealed in a 2017 Campden Research report.

January 31, 2018

Your family is in need of some downtime, but with a splash of glamour. So where do you go? And how are our luxury escapes changing? Alison Ebbage speaks to Philippe Brown, founder of bespoke travel planners Brown and Hudson

Your family is in need of some downtime, but with a splash of glamour. So where do you go? And how are our luxury escapes changing? Alison Ebbage speaks to Philippe Brown, founder of bespoke travel planners Brown and Hudson

August 12, 2014

Harnessing the collective power of family capital is not a new concept. But One Thousand & One Voices is adding a twist: calling on families’ sector expertise and intellectual firepower to super-charge emerging market SMEs. Just don’t call it impact investing. 

For more than 20 years, McKay Belk, in his role as president and chief merchandising officer at his family’s third-generation family business Belk, has spent hundreds of hours every year crisscrossing the globe with his team.

He travelled widely to source products from across southeast Asia, China, India and Africa to stock its 300 plus stores - Belk is the largest privately-owned department store chain in the US generating $4 billion (€3 billion) in revenue in 2013.

April 14, 2014

South African hotelier Sol Kerzner, 78, has announced his retirement from the hotel industry and the sale of a stake in his eponymous company, eight years after the death of his son and heir apparent.

South African hotelier Sol Kerzner, 78, has announced his retirement from the hotel industry and the sale of a stake in his eponymous company, eight years after the death of his son and heir apparent.

Last week the Investment Corporation of Dubai (ICD), an arm of the United Arab Emirates government, confirmed it had bought a “significant” equity interest in the hotel group, which includes the Atlantis resort in the Bahamas and the One&Only resort chain.

February 19, 2014

Muslim women feel more comfortable in Muslim-owned family businesses where they are less likely to be stereotyped as oppressed or lacking authority, according to new research out of a South African university.

Muslim women feel more comfortable in Muslim-owned family businesses where they are less likely to be stereotyped as oppressed or lacking authority, according to new research out of a South African university.

The qualitative research found, for example, that Muslim women felt uncomfortable about the perception of the hijab outside the family business setting, believing non-Muslims saw it as a symbol of oppression.

June 20, 2013

Booked your summer holiday yet? Here are some extraordinary destinations just in case you haven’t.

Booked your summer holiday yet? Here are some extraordinary destinations just in case you haven't.

Andulasian adventure
The Olive Grove
Andalusia, Spain

September 7, 2011

Many of South Africa’s wealthy entrepreneurs are likely to pass their businesses on to family members or retain some family control of the enterprises, according to a leading academic. 

Many of South Africa’s wealthy entrepreneurs are likely to pass their businesses on to family members or retain some family control of the enterprises, according to a leading academic.

Dr Margaret Cullen, co-director of the Nelson Mandela Metropolitan University’s Family Business Unit, said there is a strong history of family businesses in the country and this is likely to continue.

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