South African executive Anton De Bruyn pockets $1.7 million from Shoprite in 2024
This represents a 55.47 percent increase from his 2023 remuneration, reflecting both his contributions and the group's strong financial performance.
Des de Beer adds to Lighthouse stake with $13.7 million share purchase in 2024
Des de Beer increased his Lighthouse Properties stake by 1.61 percent, acquiring $13.7 million in shares throughout 2024.
Ghana’s richest investor Daniel Ofori gains $2.9 million from GCB Bank stake in 2024
Ofori's stake rose from $5.68 million to $8.61 million, a gain of $2.93 million, despite the impact of currency depreciation on dollar-denominated returns.
Kenyan investment banker Jimnah Mbaru gains $1.8 million in 2024
Since the start of the year, his stake has gained Ksh118.3 million ($1.77 million), benefiting from the strong performance on the Nairobi Securities Exchange (NSE).
Royal Bank of Canada buys $356.3 million worth of Discovery shares
Royal Bank of Canada acquires a 5.0146% stake in Discovery, signaling confidence in South Africa’s financial services and insurance sector.
FDH Bank projects $36.2 million profit in Q4 2024, resilient amid Malawi’s economic slowdown
Malawi’s economic slowdown hasn’t deterred FDH Bank, whose strategic focus and cost management continue to deliver robust profitability and growth.
Jay-Z’s effort to dismiss assault case rejected, business continues to thrive
On Thursday, Judge Analisa Torres ruled against Jay-Z’s legal team, rejecting their motion to dismiss the claims.
Pieter Engelbrecht pockets $4.5 million as Shoprite CEO
Shoprite CEO Pieter Engelbrecht’s 2024 compensation package comprises a secure base pay of $1.01 million and a performance-based short-term incentive of $917,841.
FirstRand’s Mary Vilakazi took home $2.2 million in 2024
This remuneration reflects her instrumental role in steering the company’s growth and maintaining its industry dominance.
South African billionaire Jannie Mouton gains $352 million from Capitec shares
Capitec’s strong returns have solidified its position as one of the JSE’s top performers in 2024, offering a 56.29 percent return year-to-date.
South African Reserve Bank sanctions Michiel Le Roux's Capitec Bank
Despite the sanctions, Capitec maintained cooperation in its remedial measures to address compliance weaknesses and enhance its AML framework.
Thungela to acquire remaining interest in Ensham business for $29.9 million
Thungela secures full Ensham ownership, reinforcing its Asia-Pacific presence and boosting coal exports to Japan and Malaysia.
South African billionaire Koos Bekker's Naspers stake gains $108.9 million
Despite market volatility, Naspers’ stock has shown resilience this year, consistently delivering value to investors.
Prosus to acquire online travel agency in Latin America for $1.7 billion
Prosus is set to acquire Latin America’s top online travel agency, Despegar, for $1.7 billion to expand its ecosystem.
Abdul Samad Rabiu faces $1.6 billion loss in BUA Cement as naira weakens
This underscores Nigerian investors' broader financial challenges amid currency volatility and economic uncertainty.
Naira devaluation cuts $72.4 million from Jim Ovia's Zenith Bank stake
The devaluation of the Naira has eroded nominal gains, reflecting the impact of currency depreciation on wealth accumulation.