Bank led by South African exec Kennedy Bungane takes stake in Johann Rupert-backed Grindrod
The acquisition bolsters African Bank’s presence within the small and medium-sized enterprise (SME) segment, a key growth area for the bank.
South African executive
Glencore-led by South African executive Gary Nagle eyes $46-billion British mining firm
Glencore’s recent interest in Anglo-American comes roughly three months after expressing interest in acquiring Shell’s refinery and petrochemical complex in Singapore.
South African exec Anthony Leeming-led Sun Int’l finalizes $14.4-million exit from Nigeria
With Leeming at the helm, the leading hospitality and leisure group will sell a 43.3-percent equity stake in TCN, which operates the Federal Palace Hotel in Lagos.
Barloworld keeps revenue above $800 million under South African executive Dominic Sewela
The group’s revenue for the period under review was R15.6 billion ($827.67 million), reflecting a 5.5-percent decrease from R16.5 billion ($874.29 million) in the previous year.
South African exec Josua Malherbe faces $2-million loss from Remgro shares
Malherbe, Remgro’s non-executive co-deputy chairman, is one of Remgro’s largest individual shareholders with a holding of 1,178,995 ordinary shares.
Investec, led by South African exec Fani Titi, eyes 10-percent rise in earnings
Under Titi’s leadership, Investec has demonstrated resilience and growth despite challenging market conditions.
Sibanye led by South African exec Neal Froneman completes $155.9-million acquisition of U.S. metal business
The $155.9-million cash purchase consideration for Reldan was financed through a $500-million senior unsecured guaranteed convertible bond issued in November 2023.
South African exec Anthony Leeming-led Sun International to invest $28.3 million in Sun City
Sun International CEO Anthony Leeming affirmed that the capital expenditure will be funded from the group’s cash flows
South African exec Anthony Thunstrom-led TFG to strengthen presence in South African sportswear market
TFG aims to solidify its position in the burgeoning sportswear segment amidst resilient consumer demand, despite the challenges posed by the COVID-19 pandemic.
South African exec Neal Froneman views Sibanye-Stillwater’s rights offer as a last resort
Speaking at the group’s annual results presentation, Froneman stressed that such an offer would be a last resort measure.
South African exec Shameel Joosub-led Vodacom launches digital skills initiative to combat youth unemployment
The initiative aims to provide free access to digital training courses through the newly unveiled Mzansi Digital Learning platform.
South African executive Simon Crutchley guides AVI to $65 million half-year earnings
Simon Crutchley, who has served as CEO of AVI Limited since 2005, has played a pivotal role in steering the company towards sustained growth and success.
Glencore-led by South African exec Gary Nagle eyes Shell’s assets in Singapore
In a strategic move to bolster its presence in the Asian market, Glencore is actively pursuing the acquisition of Shell’s assets situated on Pulau Bukom island.
Kennedy Bungane-led African Bank’s newly acquired unit faces $255-million lawsuit
In response, Sasfin expresses disappointment, pledging cooperation with Sars and commitment to tax compliance.
Led by South Africa exec Roy Bagattini, Woolworths posts $107 million in half-year revenue
Despite the impressive revenue growth, Woolworths encountered supply chain disruptions that impacted sales during the 26-week period.
South African executive Lance Foxcroft pockets $1.2-million salary in 2023
Foxcroft’s 2023 compensation comprises a base salary of R4.08 million ($0.21 million), complemented by a performance-driven short-term incentive of R3.64 million ($0.19 million).