South Africa’s Ackerman family loses $20 million from Pick 'n Pay shares
This follows a previous loss of $36.22 million between July 16 and Aug. 20, when the family’s holding fell from $199.3 million to $163.07 million.
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South African billionaire Jannie Mouton gains $352 million from Capitec shares
Capitec’s strong returns have solidified its position as one of the JSE’s top performers in 2024, offering a 56.29 percent return year-to-date.
South African Reserve Bank sanctions Michiel Le Roux's Capitec Bank
Despite the sanctions, Capitec maintained cooperation in its remedial measures to address compliance weaknesses and enhance its AML framework.
Thungela to acquire remaining interest in Ensham business for $29.9 million
Thungela secures full Ensham ownership, reinforcing its Asia-Pacific presence and boosting coal exports to Japan and Malaysia.
South African billionaire Koos Bekker's Naspers stake gains $108.9 million
Despite market volatility, Naspers’ stock has shown resilience this year, consistently delivering value to investors.
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InfraCredit backs Nigeria’s green sukuk solar project with $12.5 million UK support
Shari’ah-compliant green finance initiative to power rural Nigeria with solar energy.
Meet the founders of Juicyway: transforming fintech and cross-border payments in Africa
Justin Ziegler and Ife Johnson are leading the charge in simplifying cross-border payments through innovation and financial inclusion.
Co-op Bank reports $100.1-million profit, joins MSCI Frontier Markets Index
Kenya’s Co-operative Bank achieves remarkable growth, boosts global visibility, and plans local expansion.
Sai Mart to rebrand Choppies Zimbabwe outlets in major retail expansion
Raj Modi’s Sai Mart to acquire Choppies Zimbabwe stores, reshaping the formal retail landscape.