South African exec Shameel Joosub-led Vodacom discusses infrastructure deals with Orange across Africa
Vodacom Group, led by telecoms veteran Shameel Joosub, boasts a network of over 200 million African subscribers.
South African tycoon Stephen Brookes’ Balwin sees revenue fall below $130 million
Brookes, a South African real estate mogul and founder of Balwin Properties in 1996, remains the company’s largest shareholder, holding a 36.08-percent stake.
South Africa’s richest man hands some duties to new Richemont CEO
With over 30 years of experience at Richemont, Nicolas Bos is well-versed in the company’s operations and brand portfolio.
Zimbabwean tycoon Zed Koudounaris’ Innscor opens $30 million Bakers Inn unit
The $30-million Bakers Inn unit boasts cutting-edge technology capable of producing roughly 160,000 loaves daily, marking a leap in domestic bread production capacity.
South African-born billionaire Patrick Soon-Shiong makes $1.8 billion in just 26 days
Soon-Shiong’s stake in ImmunityBio has grown by $1.37 billion, from $2.51 billion to $3.88 billion since late April.
South African billionaire Christo Wiese-linked Shoprite expands on-demand delivery service
Shoprite Holdings, Africa’s largest supermarket chain with over 3,543 stores, counts billionaire Christo Wiese as a major shareholder. His 11.63-percent stake is valued at nearly $1 billion.
South Africa’s richest man Johann Rupert’s Richemont sales hit $22.4 billion
Richemont’s impressive sales results ignited a surge in its share price, jumping 5.9 percent from CHF137.25 ($150.913) on May 16 to CHF145.35 ($159.815) at the time of writing.
Nigeria’s richest banker loses $5.7 million from Zenith Bank in just four days
Ovia maintains his position as Nigeria’s richest banker, highlighting his lasting success as a prominent business leader in the country.
U.S.-Nigerian tycoon Sam Darwish sees $9.6-million loss as IHS shares slide
This comes after a substantial gain of $7.4 million recorded between April 17 and May 1, when the market value of his stake skyrocketed from $43.41 million to $50.81 million.
South African tycoon Zak Calisto’s Karooooo reports $230 million in revenue
Under Calisto’s leadership, the company has become a leading provider of intelligent transportation management and analytics.
South African billionaire Michiel Le Roux loses $34.5 million from Capitec Bank stake
This recent slump compounds a previous loss of $76 million recorded between April 8 and 11, when the market value of his stake in Capitec Bank fell below $1.5 billion.
Swiss bank sells $11.8-million stake in South African tycoon Neal Froneman-led Sibanye-Stillwater
UBS disposed of R216.17 million ($11.8 million) in shares on Sept. 26, 2023, trimming its holding from 5.07 percent to 3.26 percent.
South African tycoon Adrian Gore’s Discovery gets green light for $81.6-million bond listing
The two newly issued bonds, detailed in filings with the JSE on May 14, have nominal values of R576 million ($31.33 million) and R924 million ($50.26 million).
French billionaire’s firm buys additional $47.63-million stake in DStv parent, MultiChoice
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice.
MTN’s service revenue dips by $539 million under Zimbabwean executive Ralph Mupita
Mupita attributed the decline to a challenging macroeconomic environment exacerbated by global geopolitical tensions.
South Africa’s second-richest man Nicky Oppenheimer gains $400 million in 10 days
Oppenheimer climbs to 224th spot on the global rich list, remains South Africa’s second-richest man.