Africa’s first Black billionaire Patrice Motsepe to receive $45.2-million dividend from ARM
The dividend payout reflects a 25-percent decrease from the R1.08-billion ($60.3 million) dividend he received the previous year.
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JP Morgan strengthens position in South Africa with $150.8 million Bidcorp stake
JP Morgan raises stake in Bidcorp by 1.92 percent, signaling confidence in South Africa's food service sector.
South African billionaire loses $112 million as US targets Tencent in Chinese military blacklist
His 0.76% stake in Prosus dropped $73 million, while his 0.93% stake in Naspers lost $39.6 million.
Capitec shuts accounts of Zimbabwean exemption permit holders, raising concerns
Capitec Bank's decision to close the accounts of Zimbabwean Exemption Permit holders has sparked widespread concern, complicating the financial stability of thousands amidst ongoing legal uncertainty.
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Glencore faces dual bids for Koniambo Nickel stake in new Caledonia
Glencore Plc, led by South African executive Gary Nagle, reviews two bids for its 49% Koniambo Nickel SAS stake after site visits.
Nigerian court orders banks to freeze accounts of Arise TV founder over $718 million debt
The injunction, stemming from an alleged $718 million debt owed to First Bank of Nigeria, also freezes their assets within the court's jurisdiction.
MTN shares earn Ugandan executive $2.4 million in first 10 days of 2025
Ugandan executive Charles Mbire's MTN Uganda stake adds $2.4 million, reaching a record-high valuation of nearly $70 million.
Refinery owned by Africa’s richest person to add new tanks for crude oil imports
Dangote Refinery is boosting storage capacity by 41.67%, adding 6.3 million barrels to ensure a stable imported crude oil supply.