Strive Masiyiwa, Zimbabwe’s richest man, to launch Africa’s first AI factory with NVIDIA
The AI factory will integrate NVIDIA’s accelerated computing and AI software using the NVIDIA Cloud Partner (NCP) reference architecture.
Southern Africa
Sun International: South African executive Anthony Leeming to retire as CEO after 8-year tenure
Leeming, who has been with the company since 1999, has been instrumental in guiding Sun International through the challenges posed by the COVID-19 pandemic.
South Africa's billionaire count rises to 7 with Jannie Mouton’s inclusion on Forbes' list
The boost in Mouton’s wealth is largely attributed to Capitec Bank, where he holds a 5.1 percent stake through the J.F. Mouton Familietrust.
Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in just six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Standard Bank, led by Sim Tshabalala, makes $165 million bet on platinum group metals
The 5.74 percent stake in Northam Holdings boosts the bank’s mining investments in South Africa.
South African billionaire Ivan Glasenberg takes $684 million hit on Glencore stake
This decline follows a steeper loss earlier this year, when his stake dropped by $817.53 million between Jan. 24 and Feb. 23.
Trustco’s debt to Namibia’s Van Rooyen family rises to $280 million
Trustco Group’s debt to Next Capital hit $280 million, boosting the Van Rooyen family’s financial control.
JPMorgan cuts Sibanye-Stillwater stake from over $215 million to $157 million
This move signals a reassessment of its exposure to the $3-billion mining group amid evolving economic dynamics in South Africa.
South African-born Billionaire Patrick Soon-Shiong loses $1.2 billion in a month
The decline has wiped out nearly all the gains he made in the first seven weeks of 2025.
Patrice Motsepe’s ARC Investments to re-domicile to South Africa after buyout
The move is aimed at consolidating control, unlocking shareholder value, and streamlining operations.
South African executive, Gary Nagle, leads Glencore to $231 billion revenue in 2024
Despite the topline growth, adjusted EBITDA dropped 16 percent to $14.4 billion, weighed down by lower energy coal prices.
African Bank, led by Kennedy Bungane, completes $28 million Grindrod unit deal
African Bank completes a $28 million Grindrod asset deal, expanding its portfolio with loans, property stakes, and mortgage bonds in South Africa’s financial sector.
South African billionaire Patrice Motsepe’s $160 million phosphate mine faces legal battle
The lawsuit challenges the decision to dismiss appeals against an offset exemption granted to Elandsfontein, which is 90 percent owned by ARM through Kropz Plc.
South African tycoon Mike Teke’s Seriti unveils new coal mine, 300 jobs to follow
With this new mine, Seriti cements its lead as the largest black-controlled coal producer while securing a stable, long-term coal supply for power stations.
Shoprite takes over Pick n Pay’s Hyde Park space—a shift after Raymond Ackerman’s passing
Pick n Pay exits Hyde Park as Shoprite takes over the space for a flagship Checkers FreshX store, reflecting a shift in South Africa’s competitive retail landscape.
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