Sanlam completes $66.4 million acquisition of MultiChoice insurance unit
The move, positions Sanlam to leverage MultiChoice’s broad subscriber base and payment systems to expand its financial services offerings across Africa.
MultiChoice Group
French billionaire’s firm buys $30.6-million stake in DStv parent, MultiChoice
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice, signaling its expanding ambitions in Africa’s entertainment market.
Africa’s first Black billionaire Patrice Motsepe may join $2.9-billion bid for DStv owner
If successful, this collaboration could propel Motsepe into the ownership ranks of MultiChoice Group, further diversifying his holdings in South Africa’s leading companies.
South African executive Tim Jacobs takes home $1.3-million salary in 2023
The compensation package marks a notable 27.8 percent increase compared to the R19.92 million ($1.05 million) remuneration he received in the previous fiscal year.
French billionaire Vincent Bollore’s firm makes $2.5-billion bid for DStv owner
Bollore, whose wealth stems from his interests in Bollore Group, has witnessed a notable increase in his net worth, amounting to $99.1 million thus far in the year.
South Africa’s top insurer increases stake in Morocco’s SAHAM Assurance Maroc
South Africa’s largest insurer is acquiring an additional 22.8-percent stake in Morrocco’s SAHAM Assurance Maroc.