Two South African billionaires are backing a new 5G network
Chris Otto's family office and Dimension Data co-founder Richard Came have backed Comsol's wholesale 5G network, launching this month.
Dorcas Adeodun
News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
How Ghana's Theresa Oppong-Beeko built a multimillion-dollar real estate empire
Theresa Oppong-Beeko graduated from the University of Ghana, went into fishing, failed with $2.5 million in debt, returned to study, and built Manet Group into a $420 million Ghanaian real estate empire.
Elon Musk says SpaceX will hit $1 trillion in revenue by 2030 but Amazon may beat him to it first
Elon Musk says SpaceX will reach $1 trillion in revenue by 2030, but with analysts forecasting just $44.6 billion this year, Amazon may claim the milestone first.
How South African Venture Capitalist Justin Stanford built a $37 million early-stage fund
Justin Stanford dropped out of school on a Western Cape apple farm, built a pan-African cybersecurity company from a garage, and launched 4Di Capital, the early-stage fund that seeded Wasoko, Aerobotics and VALR.
Billionaire Warren Buffett's Berkshire Hathaway adds $17 billion to Alphabet stake, making Google its third-largest holding
Warren Buffett's Berkshire Hathaway added roughly $17 billion to its Alphabet stake in the second quarter, making Google's parent company the third-largest position in its equity portfolio at $36.6 billion.
Zara billionaire Amancio Ortega pays $202 million for a Baker Street rental block
Amancio Ortega's Pontegadea paid £150 million for a Baker Street rental building, Bloomberg reported, its first UK build-to-rent deal.
Markus Jooste's estate goes into sequestration with a R475 million fine still unpaid
A court has placed Markus Jooste's estate in provisional sequestration, two years after the Steinhoff CEO died owing a R475 million fine.
US-sanctioned Zimbabwean tycoon Kudakwashe Tagwirei has been appointed to the Senate
Emmerson Mnangagwa has appointed Kudakwashe Tagwirei, a tycoon under US and UK sanctions, to Zimbabwe's Senate under a constitutional amendment.
Billionaire Masayoshi Son bets $12 billion on Intel, putting 67% of SoftBank's US portfolio in one name
Masayoshi Son's SoftBank has concentrated 67% of its $18 billion US equity portfolio into a single stock, committing $12 billion to Intel in one of the most concentrated big-money bets in recent memory.
Billionaire Stanley Druckenmiller dumps Intel, Micron and Broadcom and bets big on Amazon in Q2 portfolio shake-up
Billionaire Stanley Druckenmiller's Duquesne Family Office dumped its entire positions in Intel, Micron and Broadcom in the second quarter while raising its Amazon stake by more than 1,000%.
South African Reserve Bank probes DA finance chair Mark Burke's crypto firm Kastelo over R4 billion transfers
South Africa's Reserve Bank is investigating Kastelo, the crypto arbitrage firm founded by DA federal finance chair Mark Burke, over alleged exchange-control contraventions involving approximately R4 billion.
Billionaire Michael Jordan's Last Dance jersey carries a $15 million estimate at Pharrell's auction house
JOOPITER, Pharrell Williams's auction house, will sell Michael Jordan's 1998 Finals Game 3 jersey with an estimate up to $15 million.
South African billionaire Johann Rupert keeps control of Remgro as Ninety One takes 5%
Ninety One's clients have acquired 5.0156% of Remgro, worth about $310 million, though Johann Rupert's family retains voting control.
Billionaires Jeff Bezos and Facebook co-founder Eduardo Saverin buy into Liverpool FC in record $7.1 billion deal
Jeff Bezos and Facebook co-founder Eduardo Saverin have joined a billionaire consortium buying roughly 30% of Liverpool FC at a record $7.1 billion valuation, with an option to take majority control within a year.
Billionaire Dylan Taylor says humans will commute to the moon by the early 2030s
Voyager Technologies founder Dylan Taylor says humans will be living and working on the moon by the early 2030s, with resource mining and orbital data centers among the first jobs up for grabs.
Mohamed Al-Fayed trafficking victims say Met Police failed to offer them legal protection they were owed
Four women allegedly trafficked by billionaire Mohamed Al-Fayed say Metropolitan Police officers broke the law by failing to refer them to the UK's National Referral Mechanism for trafficking victims.