South African Saltzman family sees $90 million gain from Dis-Chem shares
This not only cements the Saltzman family’s status among South Africa’s wealthiest but also underscores Dis-Chem’s strong market performance.
NFL reaffirms partnership with Roc Nation amid allegations against Jay-Z
While the allegations have cast a shadow over Jay-Z, Roc Nation’s NFL partnership appears unaffected.
Absa seals $300-million green syndicated loan deal
The syndicated loan, Absa’s first, signals a significant step in the bank’s commitment to sustainable investments.
Barry Swartzberg’s Discovery stake yields $83 million so far this year
The value of his stake has climbed by R1.41 billion ($83.5 million) since the start of the year, reflecting the stock's robust rally.
MTN Nigeria raises $46.6 million from commercial paper issuance
The issuance forms part of the company’s N250-billion ($151.9 million) commercial paper program.
Yasseen Mansour's Palm Hills stake gains $14 million despite Egyptian pound devaluation
The Egyptian billionaire’s stake could have grown by as much as $41.9 million if not for the devaluation of the Egyptian pound against the U.S. dollar.
Sanlam Kenya shareholders approve $25.1 million rights issue to boost capital
This move aligns with the company’s broader strategy to improve its financial standing and long-term stability.
Ghabbour family gains $29.2 million from GB Corp stake surge
This builds on the $56 million the family gained in 2023.
Bidvest to sell banking business to Access Bank for $157.2 million
Bidvest Group to sell its stake in Bidvest Bank Holdings to Access Bank for $157.2 million as part of its financial services simplification strategy.
Bertina Engelbrecht: Business leader guiding $5.3 billion South African retail healthcare group
Bertina Engelbrecht leads Clicks Group to record profits as South Africa's first Black woman retail CEO.
Kessington Adebutu’s Wema Bank stake loses $2.73 million as naira depreciates
Adebutu’s holdings reflect broader economic challenges in Nigeria as Currency Depreciation Erases Gains Despite Wema Bank’s stock surge.
Africa's 5 most powerful women
Five African women made list of the World’s 100 Most Powerful Women, collectively influencing over a billion lives and wielding $33 trillion in economic power.
Mark Mason, one of America’s leading Black executives, pockets $14.49 million salary
Mark Mason’s $14.49 million pay reflects strategic leadership in Citigroup’s financial success.
Johan Burger’s FirstRand stake boosts fortune by $2.64 million
FirstRand has delivered modest returns since the start of 2024, with local investors seeing a 9.17 percent increase in share price.
Access Bank expands to Malta, strengthening Europe-Africa trade links
Access Bank's decision to establish a presence in Malta signals its broader push into key global markets, following the recent opening of its Hong Kong branch.
Zahid offers $1.3 billion for South Africa's Barloworld in acquisition bid
This underscores Zahid’s aggressive push to capitalize on Africa’s infrastructure boom amid global interest in the continent’s construction sector.