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Did you know that an average South African lives on $1.90 a day? This shocking truth was recently revealed in one of Gartner’s reports regarding the South African economy, painfully naming our country one of the poorest in the world. With a 45% unemployment rate and nearly 17% of the population living beyond the brink […]
Momentum Capital Investment is a venture fund with over 20 years of global experience in venture trading and a diverse portfolio of assets. In 2024, the company, backed by a $5 billion investment from Johann Rupert and Elon Musk, launched an innovative AI trading platform tailored specifically for the South African market. Current Financial Situation […]
Johann Rupert, a distinguished South African billionaire and the chairman of Richemont – a Swiss luxury goods powerhouse known for brands like Cartier and Montblanc – is also the founder and chairman of Momentum Capital Rupert, an investment firm based in South Africa. In a groundbreaking move, Rupert has announced a new partnership with Elon […]
A respected American investment firm forecasts a 17% decline in South Africa’s economy by the end of 2025. This significant downturn is expected to increase unemployment rates, intensify poverty, and even lead to famine in some areas. The projected economic strain paints a troubling picture for the future, as the nation faces increasingly dire conditions. […]