
Stephen Brookes' Balwin secures $52.5 million for Tshwane project
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
The $30 million purchase reflects JP Morgan’s growing confidence in Bidvest’s leadership and operational strength across freight, services, and automotive sectors.
The South African executive’s R23.15 million ($1.23 million) pay in 2024 reflects his impact on Sun International’s success.
The deal, executed through Richemont’s subsidiary Richemont Italia Holding S.P.A., is set to close on Apr. 23, 2025.
The move comes as countries across the continent ramp up efforts to improve digital connectivity and attract foreign investment.
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.
His stake in Richemont benefited from a 5% surge in shares following President Trump’s announcement of a three-month tariff pause, excluding China.
FirstRand sharpens its private banking focus in Ghana and beyond as Africa’s millionaire class expands.
South African pharma tycoon Stephen Saad’s stake in Aspen Pharmacare drops to $434.35 million, losing $62.85 million in 15 days.
Namibia's richest, including Frans Indongo and Koos Brandt, fuel economic growth through diversified investments.
Under South African billionaire Koos Bekker, Prosus continues its efforts to support tech solutions that address the evolving needs of workers worldwide.
Vukile Property Fund expands its Iberian retail portfolio with a $72.2 million acquisition of Forum Madeira, strengthening its foothold in Portugal’s tourism sector.
South Africa’s richest man, Johann Rupert’s net worth, surged by $1.1 billion in less than 24 hours, reaching $14.3 billion.
South African billionaire Rob Hersov backs U.S. aid cuts to South Africa, calls for more sanctions against ANC.
The company paid out R11.5 billion ($593 million) in benefits, with wellness incentives and living benefits surpassing traditional death claims for the first time.
Anglo American is also navigating a strategic overhaul, including a potential listing of its diamond business, De Beers.