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South Africa's richest man falls out with friend over R2.3 billion Stellenbosch Bridge property dispute
Johann Rupert has publicly clashed with former friend Rurik Gobel over a R2.3 billion Stellenbosch land deal, calling the conduct disgraceful.
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Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Uganda signs a deal with the Sawiris family's Orascom Construction to study a light rail system for Kampala
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
Dis-Chem founders' sons Mark and Dan Saltzman sold $37.9 million in shares months after inheriting a $400 million stake
Mark and Dan Saltzman have sold R642 million ($37.9 million) in Dis-Chem shares months after inheriting a R6.8 billion stake from their parents.
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Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
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Latest Posts
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Uganda signs a deal with the Sawiris family's Orascom Construction to study a light rail system for Kampala
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
Your Daily Briefing — Thurs., March 19, 2026
The Economist says Dangote's empire isn't as innovative as he claims, Rupert is fighting a friend over a R2.3 billion Stellenbosch deal, Transcorp just posted record revenue of $399 million, and Motsepe is being tipped as South Africa's next president.
Dis-Chem founders' sons Mark and Dan Saltzman sold $37.9 million in shares months after inheriting a $400 million stake
Mark and Dan Saltzman have sold R642 million ($37.9 million) in Dis-Chem shares months after inheriting a R6.8 billion stake from their parents.
Uganda's richest man says he has not degraded Lake Victoria as social media videos of earth-moving trucks spark fresh accusations
Uganda's richest man Sudhir Ruparelia has denied filling or degrading Lake Victoria, saying work at his resort is NEMA-approved flood protection.
Billionaire Hisham Talaat Moustafa takes TMG's expansion plans to Egypt's prime minister as the group eyes a major new East Cairo project
Hisham Talaat Moustafa met Egypt's prime minister to discuss TMG's expansion plans, including a major new mixed-use project in East Cairo.
South Africa's richest man falls out with friend over R2.3 billion Stellenbosch Bridge property dispute
Johann Rupert has publicly clashed with former friend Rurik Gobel over a R2.3 billion Stellenbosch land deal, calling the conduct disgraceful.
Kirubi family-linked Centum exits Sidian Bank in final stake sale
Centum, linked to the late Chris Kirubi’s estate, has sold its remaining Sidian Bank stake, ending a 25-year investment.
Lebanese billionaire Gilbert Chagoury's troubled legal history scrutinized in $1 billion Snake Island port deal
The companies behind Nigeria's $1 billion Snake Island port deal carry histories of bribery penalties, money laundering convictions and tax charges.
Dangote built Africa’s biggest industrial empire. Critics say it is not innovative
The Economist says Dangote's companies rely on foreign managers and contractors for most technical work, undercutting his innovation claims.
Woolworths CEO Roy Bagattini seals in2food deal to control its premium meals supply chain
Woolworths is buying 100% of in2food Holdings from its founders and Old Mutual Private Equity in a cash deal expected to lift earnings immediately.
Kenyan banking mogul James Mwangi's Equity Bank Rwanda loses $3.2 million in fraud as 35 suspects arrested
Equity Bank Rwanda lost about $3.2 million in a fraud scheme that exploited its mobile money float system, with 35 people arrested.
Tony Elumelu's Transcorp hits record $399 million revenue, profit up 44-percent
Tony Elumelu's Transcorp Group has delivered the most commanding financial performance in its history, posting $399 million in revenue for full year 2025 and a 44% surge in profit after tax, as the conglomerate signals aggressive expansion across power and hospitality heading into 2026
Sanctioned Zimbabwean tycoon Kudakwashe Tagwirei paid $1.8 million for President Mnangagwa's old Aston Martin at a charity auction
Sanctioned tycoon Kudakwashe Tagwirei paid $1.8 million for President Mnangagwa's old car at a Harare auction, then donated it back.
Patrice Motsepe emerges as top pick to lead ANC and become South Africa's next president
Billionaire Patrice Motsepe is the frontrunner to lead the ANC and become South Africa's next president, according to a leading political analyst.
Billionaire Dr. Dre sells Carbon Beach home for $16.5 million in quiet off-market deal
Andre Young, known professionally as Dr. Dre, has quietly sold his Carbon Beach waterfront home in Malibu for $16.5 million.
