Mike Teke backs $1.1 million education program for vulnerable children in South Africa
Mike Teke’s Seriti Trust invests $1.1 million in early learning centers, boosting education access and skills for vulnerable children in mining regions.
Southern Africa
Zimbabwean tycoon Ken Sharpe criticizes Harare fees after $4 billion project launch
Zimbabwean tycoon Ken Sharpe urges reforms after unveiling Pomona City, a $4 billion WestProp development in Harare.
South African pharma tycoon Stephen Saad loses $44 million from Aspen stake
Aspen Pharmacare shares slide 33 percent, cutting Stephen Saad’s stake by $44 million amid global pharma pressures.
South African billionaire Koos Bekker-led Prosus plans stake sales to raise $2 billion
Prosus targets $2 billion from asset sales as CEO Fabricio Bloisi sharpens focus on e-commerce and lifestyle platforms.
South African executive Kenny Fihla drives Absa’s retail and pan-African expansion plans
Kenny Fihla leads Absa’s retail revamp, driving digital banking growth and pan-African expansion with strong first-half 2025 results.
Namibian tycoon Knowledge Katti owns stake in Sintana Energy worth $11-million
Katti’s place on Sintana’s board and his multimillion-dollar stake tie him directly to Namibia’s rising oil ambitions.
Anglo, led by South Africa’s Duncan Wanblad, loses $3.8 billion coal deal
Peabody cancels $3.8 billion Anglo coal deal after mine fire; Anglo plans arbitration as H1 revenue falls to $8.95 billion.
PIC buys $40 million stake in South African tycoon Des de Beer’s Resilient
PIC raised its Resilient REIT stake by $40.6 million to 20.02 percent, underscoring confidence in Des de Beer’s retail property group.
South African tycoon Mike Teke’s Seriti secures $295 million for Mpumalanga wind project
Seriti Green secures $295 million for a major wind project in Mpumalanga, expanding clean power and creating 800 jobs.
Zimbabwe’s richest man, Strive Masiyiwa, gains $100 million amid AI factory rollout
Strive Masiyiwa regains $100 million, raising his net worth to $1.3 billion amid Africa’s first AI factory rollout with NVIDIA.
Motsepe-backed Harmony Gold gets clearance for $1-billion copper deal
Patrice Motsepe’s Harmony-backed mining giant gets green light to buy Australian copper company in $1-billion deal.
Glencore, led by South African executive Gary Nagle, plans $13.5 billion copper expansion in Argentina
Glencore plans to inject $9.5 billion into developing El Pachón in San Juan province and $4 billion into the Agua Rica project in Catamarca over the next decade.
South African-born real estate mogul Barry Stuhler to receive $2 million from Lighthouse
Barry Stuhler will receive $2.04 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
South Africa’s second-richest man, Nicky Oppenheimer, now worth $13 billion
South Africa’s Nicky Oppenheimer grows his fortune to $13 billion, driven by private investments.
Zimbabwean executive Ralph Mupita leads MTN to $6 billion revenue in H1 2025
MTN Group grows to 298 million users, reports $6 billion revenue, with data, fintech, and Nigeria-Ghana markets leading gains.
Dominic Sewela led-Barloworld’s $1.3 billion buyout wins final nod from tribunal
South Africa’s Competition Tribunal approves Barloworld’s $1.3 billion buyout, protecting jobs and expanding Black ownership as the group prepares to delist.