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South African-born billionaire overtakes Johann Rupert as richest man in SA

Summary by CapeTown ETC
A businessman who once lost control of one of South Africa’s biggest retail empires has now pulled off one of the largest comeback stories in global business. South African-born billionaire Nathan ‘Natie’ Kirsh has officially overtaken luxury goods magnate Johann Rupert on the rich list after the sale of his US-based Jetro Restaurant Depot business for a staggering $29.1 billion, roughly R484 billion, as per Business Tech. For many South African…
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CapeTown ETC broke the news on Friday, May 8, 2026.
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