Africa's first Black billionaire Patrice Motsepe’s investment firm surpasses $1 billion in net asset value
Motsepe owns an indirect 27-percent stake in ARC, contributing to his status as Africa’s first richest man.
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Giovanni Ravazzotti’s stake in Italtile nears $570 million as shares surge
Italtile’s market surge boosts Ravazzotti’s net worth by $24.82 million in just 15 days.
Vodacom posts $4.1-billion revenue in H1 2024
Despite this growth, profitability faced challenges due to currency fluctuations in key markets such as Egypt and Ethiopia, which put pressure on service revenue.
Sibanye-Stillwater secures wage deal with South African gold workers
The deal, announced on Monday, concludes negotiations that began on July 1, 2024, with labor unions representing workers at the Beatrix, Driefontein, and Kloof mines.
Investec targets $1.7-billion market expansion
Investec is positioning itself for a $1.7-billion market expansion by enhancing its business banking unit with a new payments system for corporate clients.
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Lesaka acquires Recharger, prepaid electricity firm, in $28 million deal
The deal, which strengthens Lesaka’s position in the fintech sector, involves the purchase of all Recharger's shares.
Nassef Sawiris sees $930 million wealth gain, entering global top 350 richest
Egypt’s richest man, Nassef Sawiris’ wealth is bolstered by increased cash holdings, rising by nearly $1 billion to $3.85 billion.
Sibanye-Stillwater partners with C5 Capital to explore Nuclear opportunities
The two companies formalized their partnership with a Memorandum of Understanding (MoU).
South African tycoon Stephen Brookes gains $2 million from Balwin stake
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.