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The rejected offer aimed to secure a controlling stake in the company, with ArcelorMittal reaffirming its commitment to operational independence amid ongoing ownership discussions.
The total compensation for 2023 exceeded the previous year’s total reward of Ksh147.73 million ($1 million) by 25.75 percent.
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
Otedola’s $2.25-million donation to Augustine University in Lagos bolsters his legacy in education and philanthropy.
In its appeal, FirstRand argues that motor dealers should not be held to fiduciary standards or be required to provide impartial advice.
TFG is poised to expand its international portfolio with the acquisition of White Stuff, a UK-based fashion and lifestyle brand.
Salisu Buhari's remarkable transformation from the shadows of political scandal to establishing a thriving multimillion-dollar manufacturing empire.
Nigerian energy leader Aisha Achimugu and Oceangate join forces with GPG to develop Grenada’s offshore oil and gas reserves.
South Africa’s Saltzman family controls a 29.3 percent stake, equivalent to 302,066,319 ordinary shares in the Gauteng-based company.
Clean energy boost for South Africa’s data centers through innovative SMR technology.
Surge in FX losses driven by currency devaluation and economic challenges.
Eaton maintains a quarterly dividend of $0.94 per share following record Q2 earnings, underscoring long-term growth and shareholder commitment.
South African pharmaceutical tycoon Stephen Saad faces setback as Aspen Pharmacare shares decline.
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Kenya’s largest telecom operator reports significant job creation and social impact.
Pan-African operations drive growth; profit margins remain steady despite rising costs.