South Africa’s Jonathan Jawno loses $32.8 million from Transaction Capital stake
His 14.09 percent stake in the company has declined in value by over $30 million, reflecting the steep decline in the company’s stock price.
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Richemont shares are under pressure as China's luxury spending slump rattles Johann Rupert's Swiss-listed holding company behind Cartier.
Sasfin Wealth rebrands as Otto1890 as Sasfin exits banking and the JSE
Erol Zeki's Sasfin Wealth has rebranded as Otto1890, honoring founder Otto Pollak, as the broader Sasfin Group exits banking and the JSE.
Zimbabwe's push to raise the ethanol blend from E5 to E20 could sharply boost tycoon Billy Rautenbach's Green Fuel business
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Datatec founder Jens Montanana buys European tech firm, plants flag in Poland
Datatec founder Jens Montanana is pushing deeper into Europe, with Logicalis Germany snapping up Berlin-based network automation specialist NetworkedAssets.
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Abdul Samad Rabiu pushes BUA Cement toward 20Mtpa with new Edo and Sokoto plants
Abdul Samad Rabiu is expanding BUA Cement into Edo and Sokoto as the company's profit surged 381% and capacity targets hit 20 million tonnes.
Moroccan billionaire Othman Benjelloun’s Bank of Africa makes Forbes MENA top 100
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Aliko Dangote's refinery flags unauthorized IPO reports, tells investors to verify before acting
Dangote Petroleum Refinery warned investors to ignore unverified IPO reports, saying any listing plans would come through official, regulated channels only.
African Wealth Briefing — Fri., March 27, 2026
Dangote confirms plans to double refinery capacity to 1.4 million bpd, Rupert's Richemont slides on China's luxury slump, NCBA posts $180 million profit ahead of Nedbank's $856 million takeover bid, and a Nigerian court forfeits $13 million tied to Aisha Achimugu.