South African billionaire Jannie Mouton’s Capitec stake falls below $1 billion after $59.5 million drop
This decline comes after a strong 2024 performance that saw Mouton’s stake gain $350 million, soaring from over $650 million to beyond $1 billion.
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Absa Group, led by Sello Moloko, to establish presence in Dubai
Absa Group to open Dubai office in early 2026, expanding global reach and tapping into Africa-Gulf trade and investment.
South African tycoon Barry Stuhler’s Lighthouse declares $29.5 million dividend
This represents a 17.08 percent increase compared to the previous year, driven by stronger-than-expected tenant sales and a strategic expansion of its property portfolio.
Sibanye’s 89MW wind farm begins commercial operation under Neal Froneman
Sibanye-Stillwater, led by Neal Froneman, begins commercial operations at 89 MW Castle Wind Farm, advancing its renewable energy goals and sustainability efforts.
South African billionaire Rob Hersov to launch media empire
The entrepreneur aims to launch a platform like ‘The Daily Wire’ for South Africa, expanding his influence in media and politics.
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Aradel, led by Ladi Jadesimi, completes acquisition of Olo marginal fields
This strategic move strengthens Aradel’s upstream portfolio and advances its multi-field cluster development strategy in the Niger Delta.
Abdul Samad Rabiu to receive $143 million dividend from BUA Foods
This dividend, which will be paid on September 25, is the lion’s share of the proposed N234 billion ($152.43 million) payout for the year.
Absa Group, led by Sello Moloko, to establish presence in Dubai
Absa Group to open Dubai office in early 2026, expanding global reach and tapping into Africa-Gulf trade and investment.
Fidson, led by Fidelis Ayebae, declares $1.49 million dividend for shareholders
The payout reflects the pharmaceutical group’s focus on rewarding investors following an impressive financial performance in 2024.
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