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.
South Africa
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.
Titan Fincap settles $63.1-million loan with Shoprite shares acquisition
The purchase, finalized on Oct. 7, 2024, concludes a scrip loan agreement that allowed Titan Fincap to borrow 3,831,164 shares of Shoprite on Oct. 12, 2023.
Neal Froneman's wealth dips amid Sibanye-Stillwater's stock decline
Froneman, who serves as Sibanye’s CEO, holds a 0.12-percent stake in the Johannesburg-based mining giant, amounting to 3,284,428 shares.
South Africa’s Sibanye ordered to pay damages over failed $1.2-billion Brazil mines deal
The court's decision comes on the heels of Sibanye’s failed acquisition of Brazilian nickel and copper mines, specifically the Santa Rita and Serrote assets.
Absa partners with IFC to launch $50-million trade facility for African farmers
This follows a recent collaboration between Absa and IFC, which resulted in a $60 million trade finance facility for Volcafe, a leading global green coffee merchant.
Mondi to acquire Schumacher packaging assets in $682-million deal, expanding European presence
The addition of Schumacher’s assets will increase Mondi’s capacity to produce fiber-based products, offering more sustainable alternatives to plastic packaging.
Royal Bank of Canada increases stake in South African retailer Clicks
Royal Bank of Canada increases stake in Bertina Engelbrecht-led Clicks Group, solidifying position as major shareholder.
Aspen’s market slump wipes $52 million from South African tycoon Gus Attridge’s stake
Attridge, who serves as the group’s chief advisor, holds a 4.3-percent stake in the Durban-based pharmaceutical giant, amounting to 19,033,829 shares.
South African tycoon Terrence Moolman sees $9.2-million increase from Caxton shares
This gain brings his total holdings to nearly $130 million, reinforcing his position as a leading figure in South Africa's media industry.
Africa’s largest asset manager invests $494 million in Neal Froneman-led Sibanye
Sibanye receives a significant boost with a nearly $500-million investment from the South African government's wholly-owned asset management firm.