Sanari Capital $80 million to scale African tech businesses
The fund focuses on businesses that capitalize on technology, innovation, and emerging sector trends, positioning itself as a key player in the continent's economic growth.
South Africa
Johann Rupert’s 7 biggest philanthropic contributions: Transforming lives in South Africa and beyond
From COVID-19 relief to wildlife conservation, Johann Rupert’s philanthropy is driving social and economic change.
Patrice Motsepe faces $195-million lawsuit over alleged non-compete breach in Tanzania
Motsepe denies allegations, calls claims "absolute rubbish" as lawsuit escalates in Tanzania's commercial court.
Naspers, led by Koos Bekker, reports $3.4 billion in revenue for H1 2025
This highlights the group's strong financial performance and strategic execution under Bekker's leadership.
Transnet’s coal corridor shows improvement, but challenges persist
Despite progress in improving South Africa’s coal export corridor, Transnet Freight Rail faces ongoing challenges that hinder its ability to reach full capacity, with structural inefficiencies and underinvestment still weighing heavily on the network.
Anglo American sells steelmaking coal business for $4.9 billion
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
Giovanni Ravazzotti’s stake in Italtile nears $570 million as shares surge
Italtile’s market surge boosts Ravazzotti’s net worth by $24.82 million in just 15 days.
Vodacom posts $4.1-billion revenue in H1 2024
Despite this growth, profitability faced challenges due to currency fluctuations in key markets such as Egypt and Ethiopia, which put pressure on service revenue.
Sibanye-Stillwater secures wage deal with South African gold workers
The deal, announced on Monday, concludes negotiations that began on July 1, 2024, with labor unions representing workers at the Beatrix, Driefontein, and Kloof mines.
Investec targets $1.7-billion market expansion
Investec is positioning itself for a $1.7-billion market expansion by enhancing its business banking unit with a new payments system for corporate clients.
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.
Karooooo shares drop, leading to $107-million loss for Zak Calisto
South African tech mogul Zak Calisto faces wealth decline amid Karooooo share drop.
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.
Transaction Capital sells non-core assets in $28.8-million deal
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
Gus Attridge’s stake in Africa’s largest pharma company drops by $16.5 million
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.