Pick n Pay to list Boxer unit in JSE IPO, targeting $451 million
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
South Africa
Barry Swartzberg gains $43.3 million from stake in South Africa’s Discovery
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
FirstRand to appeal UK Court ruling on motor finance broker transparency
In its appeal, FirstRand argues that motor dealers should not be held to fiduciary standards or be required to provide impartial advice.
Saltzman family gains $18.8 million as Dis-Chem shares climb
South Africa’s Saltzman family controls a 29.3 percent stake, equivalent to 302,066,319 ordinary shares in the Gauteng-based company.
Italtile’s market performance boosts Giovanni Ravazzotti’s stake to $544 million
As the leading shareholder with a 56.46 percent stake, Ravazzotti owns 746,244,490 shares in Italtile.
Datatec posts $30.2-million profit in H1 2025
This growth comes despite a 5.45-percent dip in revenue, which fell to $2.61 billion due to ongoing market challenges and currency fluctuations.
African Bank offers $28.3 million for Grindrod property assets
Deal to diversify African Bank’s portfolio; Grindrod refocuses on core operations.
Sasol shares drop over five percent amid production and operational challenges
Sasol shares dropped by over five percent following operational challenges and lower production volumes in the first quarter of FY2025, as the petrochemical giant grapples with phased shutdowns and market pressures.
Nedbank CIB's Zakhele Mayisa spearheads efforts to close Africa’s $100-billion infrastructure funding gap
The African Continental Free Trade Area (AfCFTA) could transform Africa’s economy, but a $100-billion annual infrastructure gap remains a hurdle.
Jens Montanana gains $3.5 million as Datatec shares climb
South African tech tycoon, Jens Montanana’s growing stake underscores his influence as a top investor in South Africa’s tech sector.
Karooooo’s half-year revenue rises seven percent to $124.2 million on subscription growth
Total revenue climbed 7 percent to R2.19 billion ($124.2 million) from R2.04 billion ($115.7 million) a year earlier.
Gordon Schachat’s top 5 ventures that have shaped South Africa’s financial, real estate, and art sectors
Gordon Schachat, a South African businessman, played a pivotal role in founding African Bank Investments Limited and Baobab Solid Growth.
Mike Teke leads four major companies driving South Africa’s mining and energy sectors
Mike Teke, one of South Africa’s top mining executives, has built and led four major companies — Optimum Coal, Seriti Resources, Seriti Green, and Masimong Group — leaving a lasting impact on the country’s mining and renewable energy sectors.
Energy mogul Simon Baloyi's Sasol faces high-stakes test
CEO Simon Baloyi is exploring liquefied natural gas imports to mitigate gas shortages, but this option comes with higher costs.
PSG Group records $37.1-million profit in H1 2024
Total income increased by 13.04 percent to $186.28 million, driven by improved customer activity and market-linked revenue streams.
Vunani Fund Managers launches first actively managed ETF on JSE
The AMETF's listing is a testament to Vunani's commitment to innovation and providing investors with valuable investment opportunities.