South African real estate mogul Michael Georgiou sells $3.1 million stake in Accelerate
According to a statement released by the Accelerate Property Fund, Georgiou sold 107 million shares, which were subsequently seized by Investec.
According to a statement released by the Accelerate Property Fund, Georgiou sold 107 million shares, which were subsequently seized by Investec.
Stephen Brookes, a South African real estate magnate, remains the company’s largest shareholder, holding a 36.08 percent stake.
Jens Montanana also acknowledged the challenges faced by Logicalis Latin America, specifically in Argentina and Brazil, which hampered its financial performance.
The Ackerman family, led by Gareth Ackerman, currently holds a combined 25.53 percent stake (124,677,238 shares).
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.
Marques, in a letter to President João Lourenço, criticized the award to the Opaia Europa and IDC consortium, both owned by Kapaia.
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.
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.
The recent rise in Italtile’s share price strengthens Giovanni Ravazzotti’s position as a major investor on the JSE.
Under Fani Titi’s leadership since March 2020, Investec has demonstrated resilience and growth despite challenging market conditions.
This upswing follows a period of steady gains for Bekker, with his Naspers holdings increasing by $36.75 million between April 17 and 25.
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).
Pick ‘n Pay’s discount chain, Boxer, was a bright spot, delivering robust sales growth of 16.1 percent despite a challenging economic environment.
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)
Founded in 2001 by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, Capitec offers transactional banking services along with a suite of loan products
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