Quinton van Rooyen’s stake drops $3.9 million amid JSE decline
Van Rooyen, the company’s largest shareholder with 377.2 million shares, has lost R67.9 million ($3.9 million) in market value this year.
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Palm Hills expands stake in Egypt’s hospitality sector with Macor Hotels deal
Palm Hills raises stake in Macor Hotels to 69.5%, strengthening its presence in Egypt’s hospitality sector amid tourism growth.
Christo Wiese’s stake in Shoprite rises by $115 million in 13 days
South African billionaire Christo Wiese’s stake in Shoprite has increased by $115.84 million, strengthening his position among Africa’s wealthiest.
Jannie Mouton's Capitec Bank stake hits $1-billion milestone
Over the past 12 weeks, Mouton’s stake has increased by R3.02 billion ($173.13 million), rising above the $1-billion mark.
BP, Vitol, Trafigura drive sales at Dangote Oil Refinery, redefining Africa’s oil market
British oil giant BP, Swiss-based Vitol, and Singapore’s Trafigura lead sales from the Dangote Oil Refinery as Africa’s largest oil plant reshapes market.
Karooooo shares drop, leading to $107-million loss for Zak Calisto
South African tech mogul Zak Calisto faces wealth decline amid Karooooo share drop.
Funke Opeke exits MainOne after $320-million deal as Equinix focuses on growth
Funke Opeke steps down after 14 years as MainOne's CEO following a milestone $320 million acquisition by Equinix.
Mohammed Dewji to close 2024 with $300-million gain despite headwinds
This boost in fortune solidifies his place as East Africa's richest individual and places him as the 1,882nd wealthiest person globally.
Palantir delivers $2-billion revenue in 9M 2024
Revenue for the first nine months of 2024 climbed to $2.04 billion, up from $1.62 billion) in the prior year period.
Aga Khan IV's stake in Nairobi-based insurer Jubilee drops by $1.6 million
The recent decline has reversed much of his previous gains, reducing his holdings to Ksh4.49 billion ($34.86 million).
Anglo American divests $1.1-billion acquisition of coal mine interests in Australia
Zashvin is strengthening its position in Queensland’s coal sector by acquiring Anglo American’s minority stake in the Jellinbah East and Lake Vermont steelmaking coal mines.
Kredit secures $18 million to boost financing for SMEs in Egypt
This funding is set to enhance Kredit's role within Egypt's expanding small and medium enterprise (SME) ecosystem.
Nicky Oppenheimer’s wealth jumps $1.5 billion
This boost solidifies his position as the second-richest person in South Africa and the 227th richest individual globally.
Patrice Motsepe faces $195-million lawsuit in Tanzania over alleged breach of contract
South African billionaire Patrice Motsepe faces a $195-million lawsuit in Tanzania over allegations of breaching a non-compete agreement, a case that could set a legal precedent for the country's mining sector.
Oando Plc reports profit decline despite revenue surge, citing operational setbacks
Oando Plc reports a 44-percent profit decline despite a 51-percent revenue surge, attributing the drop to operational setbacks, rising costs, and concerns flagged by independent auditors.
MTN Nigeria aims for $30.4-million commercial paper issuance to boost liquidity amid naira devaluation and rising costs
MTN Nigeria plans to raise $30.4 million through commercial paper issuance to strengthen liquidity amid naira devaluation and rising operational costs.