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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Beyoncé’s hair care line launches in retail stores
The Ulta partnership marks an important new chapter for Cécred, which first launched as a direct-to-consumer brand through cecred.com.

Barry Swartzberg loses $40 million from stake in Discovery
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).

Benedict Peters: How envy-fuelled fiction tried—and failed!
Benedict Peters is not an invader, but an investor. He is not a threat, but a thriving thread in the fabric of African economic renaissance.

Adebola Adegunwa donates $1 million trauma center to Nigerian hospital
The center, which was completed in less than a year, marks a major step forward in the region’s emergency healthcare capabilities.