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Investor Memo: The Supermarket Bank — Why Christo Wiese's Shoprite Is Talking to Investec, and What It Means for South African Banking

Shoprite is in talks with Investec about selling more financial services to its shoppers. Its Money Market account already has over 4 million users. What each side wants, why Shoprite does not want to be a bank, and what it means for Capitec, Pepkor and Christo Wiese.

,   and  Mfonobong Nsehe
4 min read
Investor Memo: The Supermarket Bank — Why Christo Wiese's Shoprite Is Talking to Investec, and What It Means for South African Banking

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Investor Memo: EGP 11 Trillion — What Hisham Talaat Moustafa's $202 Billion Agreement With the Egyptian State Means for TMG and Its Shareholders
Investor Memo

Investor Memo: EGP 11 Trillion — What Hisham Talaat Moustafa's $202 Billion Agreement With the Egyptian State Means for TMG and Its Shareholders

Hisham Talaat Moustafa's TMG has agreed four projects with the Egyptian state, with targeted investment of EGP 11 trillion, about $202 billion. That is roughly 60 times the company's market value. What has been agreed, what has not been disclosed, and how investors should read it.

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African Wealth Briefing — Mon., Oct. 26, 2026
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African Wealth Briefing — Mon., Oct. 26, 2026

Dangote's refinery IPO closes tomorrow, and new details show he nearly walked away from his Kenya Pipeline deal. Femi Otedola is reportedly buying up to 5% of Dangote Cement. Shoprite is in banking talks with Investec. And Douw Steyn's former home is now Africa's leading boutique hotel.

,   and  Mfonobong Nsehe
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The Inside Story: The House on Saxon Road — How Douw Steyn Built an Insurance Empire, Sheltered Nelson Mandela and Left Africa Its Leading Boutique Hotel
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The Inside Story: The House on Saxon Road — How Douw Steyn Built an Insurance Empire, Sheltered Nelson Mandela and Left Africa Its Leading Boutique Hotel

Douw Steyn sold insurance by telephone before anyone else in South Africa, built a business across two continents and lent his Johannesburg home to Nelson Mandela. That home, The Saxon, has just been named Africa's leading luxury boutique hotel. The story of the man who built it.

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