Tyler Perry signs new deal with BET following multimillion-dollar Netflix contract
The new agreement with BET marks Perry’s latest expansion of his creative empire. This follows his October 2023 multimillion-dollar first-look deal with Netflix.
South African multimillionaire Saltzman family sees $44.1-million loss on Dis-Chem stake
Despite the decline, the Saltzmans remain prominent investors on the Johannesburg Stock Exchange (JSE).
Kenya’s richest banker James Mwangi loses $3.3 million from stake in Equity Group
Mwangi, Kenya’s richest banker, holds a 3.38-percent stake in Equity Group. This equates to 127,809,180 ordinary shares.
Namibian tycoon Quinton van Rooyen’s Trustco enters $100-million partnership with RVF
The partnership aligns with Trustco’s active pursuit of new capital sources, particularly in the wake of the decline in its market capitalization in recent years.
Moroccan tycoon Lamia Tazi gains $2 million from Sothema stake in 8 days
The notable increase in the market value of Tazi’s stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.
South African exec Shameel Joosub-led Vodacom concludes $26.7 million acquisition of Smile Communication
In a public announcement, Vodacom Tanzania emphasized the strategic significance of the acquisition in enhancing its network infrastructure and delivering superior services to its customers.
South African tycoon Adrian Gore’s Discovery stake slumps by nearly $40 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
South African tycoon Jens Montanana loses $5 million from Datatec stake
Montanana’s substantial shareholding continues to cement his status as one of the wealthiest investors on the JSE.
Nigerian banker Segun Agbaje-led GTCO seeks $750-million capital raise
The capital raise aligns with the Central Bank of Nigeria’s (CBN) recent increase in minimum capital requirements for the country’s largest banks.
South African tycoon Jannie Mouton’s Capitec stake slumps by $57.4 million
Despite the recent setback, Mouton still holds his position as one of the most affluent investors on the JSE and remains one of the wealthiest individuals in South Africa.
Black executive Kenneth Frazier loses $3.4 million from Merck & Co. stake
Despite the recent decline, Frazier remains a top Black executive.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods to distribute $79.5-million dividend
The substantial dividend underscores the company’s dedication to rewarding its shareholders following an outstanding performance in 2023.
Capitec Bank shares slump costs South African billionaire Michiel Le Roux $76 million
The recent slump in his fortune follows the $60-million gain recorded on April 4, when his stake in Capitec Bank soared from $1.48 billion to $1.54 billion.
Zimbabwean exec Ralph Mupita-led MTN set to invest $102 million to tackle South Africa’s blackouts
Mupita emphasized the critical nature of the situation, describing the power outages as a “crisis” further compounded by vandalism of mobile phone towers and base stations.
Greek tycoon John Coumantaros gains $12.5 million from Flour Mills stake
The rise in the market value of Coumantaros’ stake in Flour Mills cements his position as a top investor on the Nigerian Exchange.
Christo Wiese-backed Shoprite joins retailers investing $125 million in startups every five years
Shoprite Holdings is partially owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.