South African businessman Jens Montanana leads Datatec to $5.5 billion revenue
Jens Montanana also acknowledged the challenges faced by Logicalis Latin America, specifically in Argentina and Brazil, which hampered its financial performance.
Southern Africa
South African Ackerman family gives up control of Pick n Pay after challenging year
The Ackerman family, led by Gareth Ackerman, currently holds a combined 25.53 percent stake (124,677,238 shares).
South African billionaire Stephen Saad loses $28 million in one week
This follows a gain of $32.2 million recorded between April 23 and May 1, when his stake increased from $654.18 million to $686.41 million.
Angolan businessman Agostinho Kapaia’s group awarded $1.3 billion in contracts over 2 years
Marques, in a letter to President João Lourenço, criticized the award to the Opaia Europa and IDC consortium, both owned by Kapaia.
South African executive Gary Nagle-led Glencore to pay Nigeria $50-million ‘settlement’ penalty
Glencore’s legal troubles are wide-ranging. In May 2022, the company settled investigations in the U.S., U.K., and Brazil for $1.5 billion, with $1.06 billion going to U.S. and Brazilian authorities.
Botswana-based mogul Jonathan Gibson’s Chobe declares $5.29-million dividend
The board recommended a final dividend of BWP71.88 million ($5.29 million), translating to BWP0.8 ($0.059) per share, according to a recent update.
South African tycoon Giovanni Ravazzotti makes $9 million from Italtile stake
The recent rise in Italtile’s share price strengthens Giovanni Ravazzotti’s position as a major investor on the JSE.
South African executive Fani Titi leads Investec to record $2.65-billion revenue
Under Fani Titi’s leadership since March 2020, Investec has demonstrated resilience and growth despite challenging market conditions.
South African billionaire Koos Bekker gains $32.6 million from Naspers stake in 28 days
This upswing follows a period of steady gains for Bekker, with his Naspers holdings increasing by $36.75 million between April 17 and 25.
South African tycoon Gus Attridge rakes in $6.2 million from Aspen shares
This follows a $12 million gain recorded between April 23 and May 3, when his stake rose from R4.07 billion ($219.65 million) to R4.29 billion ($231.65 million).
Led by South African Ackerman family, Pick ‘n Pay suffers $153-million impairment
Pick ‘n Pay’s discount chain, Boxer, was a bright spot, delivering robust sales growth of 16.1 percent despite a challenging economic environment.
South African billionaire Saltzman family gains $13 million from Dis-Chem stake
This increase follows earlier gains recorded between April 24 and April 30, when the market value of the family’s stake surged by R433.55 million ($23.05 million)
South African billionaire Michiel Le Roux’s Capitec Bank hits 22 million active clients
Founded in 2001 by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, Capitec offers transactional banking services along with a suite of loan products
South African tech mogul Zak Calisto gains $56 million from Karooooo shares
Zak Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company
South African exec Shameel Joosub-led Vodacom discusses infrastructure deals with Orange across Africa
Vodacom Group, led by telecoms veteran Shameel Joosub, boasts a network of over 200 million African subscribers.
South Africa’s Ackerman family makes $11 million from Pick ‘n Pay stake
The recent increase follows a significant gain of $18.5 million between March 15 and April 9, when their stake in the retailer surged to $131.50 million.