The loss in market value is linked to Shoprite’s share price dropping on the Johannesburg Stock Exchange.
African billionaire
-
- Hot News
Gidon Novick-linked Global Airway acquires controlling stake in debt-ridden South Africa Airways
Global Airways and Harith General Partners will acquire a 51-percent stake in South African Airways.
-
The offer came after Multichoice’s board granted approval to increase its stake in the sports betting company.
-
The Nigerian-based mobile payment platform Paga has hinted at plans for transatlantic expansion.
-
The gains are the result of an upward trend in the group’s shares on the Nairobi Stock Exchange.
-
The trucks will be used to cart waste to landfills and waste management facilities.
- Hot News
Guy Roger Ngatcha-led Panafrican Energy Services Group secures major oil deal in Cote d’Ivoire
Earlier, the company made history as Tanzania’s first natural gas producer.
-
Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa.
- Hot News
Tunisian businessman Hisham Ahmed Al-Rayes’ GFH acquires British International School of Tunis
by Ishioma Emiby Ishioma EmiThe move further expands GFH’s presence on the Tunisian market.
-
Motus Holdings is South Africa’s exclusive importer and distributor of Hyundai and Mitsubishi automobiles.