Johann Rupert

2022 - 3 - 3

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Image courtesy of "The South African"

Russian invasion: SA mogul Johann Rupert takes R19bn direct hit (The South African)

Business bombed: The Ukrainian war has cost SA's wealthiest man, Johann Rupert, R19bn. But it is 'nothing' in comparison to Elon Musk's loss.

This has resulted in big losses for South Africa’s richest man, Johann Rupert, who since the start of the invasion on Thursday 24 February has lost almost R19 billion so far. CLICK HERE for more SA business mogul Johann Rupert has suffered a loss of billions since the Russian invasion of Ukraine. Image via Twitter: @sbudapawl

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Image courtesy of "Briefly"

South African Billionaire Johann Rupert Loses Close to R19 Billion ... (Briefly)

South African billionaire Johann Rupert has been impacted by the economic impact of Russia's invasion of Ukraine and has reportedly lost close to R19 ...

But where is South Africa in all of this? Countries such as Brussels have already begun to freeze businesses that have ties to Russia. The first sanction placed was to exclude seven Russian banks, Swift, a global trade messaging system, reports The Guardian.

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