Kenya’s Merali family sees $2.2-million loss as Sasini Tea shares decline on NSE
This latest decline has further impacted the Merali family’s stake, reducing its value to Ksh2.54 billion ($19.63 million) as of Nov. 22.
Investec maintains $37.6 million amid UK motor finance ruling
Other lenders implicated in the case, including FirstRand and Close Brothers plc, are grappling with the fallout.
Kenya cancels Adani Group's $2.5-billion deals in wake of U.S. indictment
The decision sparked widespread jubilation in the House, with both Senators and Members of Parliament chanting “Adani Must Go,” briefly interrupting the President's speech.
Barry Swartzberg’s Discovery stake increases by $23 million
Swartzberg, a co-founder of Discovery, owns a 3.92 percent stake in the Sandton-based financial services group, amounting to 25,954,540 shares.
Southern Sun posts $18.3-million profit in H1 2025
The South African hospitality group reported a 30% profit increase for the first half of 2025.
Karooooo shares decline, costing Zak Calisto $60.5 million
This follows a $107.76 million decline recorded between Oct. 14 and Nov. 6, pushing his stake further below the $1 billion mark.
Lesaka acquires Recharger, prepaid electricity firm, in $28-million deal
The deal, which strengthens Lesaka’s position in the fintech sector, involves the purchase of all Recharger's shares.
Nassef Sawiris sees $930-million wealth gain, entering global top 350 richest
Egypt’s richest man, Nassef Sawiris’ wealth is bolstered by increased cash holdings, rising by nearly $1 billion to $3.85 billion.
Sibanye-Stillwater partners with C5 Capital to explore Nuclear opportunities
The two companies formalized their partnership with a Memorandum of Understanding (MoU).
South African tycoon Stephen Brookes gains $2 million from Balwin stake
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.
Sanlam, Ninety One finalize $275.7-million asset management deal
The agreement, valued at R5 billion ($275.7 million), makes Ninety One the primary active investment manager for Sanlam.
Ghabbour family's GB Corp stake declines by $15.6 million in 28 days
The decline follows a previous gain of $12.3 million recorded between Sept. 17 and Oct. 11, when Ghabbour family’s stake rose from $190.39 million to $202.72 million.
Glencore pilots innovative copper leaching process in Chile
The initiative aims to boost copper output from lower-grade ore in response to rising global demand for the metal, which is vital for renewable energy technologies.
Elon Musk’s Starlink halts orders in Nigeria until price hike is approved
Starlink halts new residential kit orders in Nigeria, citing regulatory hurdles over its proposed price adjustments.
Flour Mills gains shareholder approval for buyout deal
The move follows a resolution approved by the Federal High Court, clearing the path for the company’s long-discussed acquisition strategy, which was first unveiled on Sept. 24.
Ahmed Ezz’s stake in Ezz Steel nears $840 million
Ezz Steel’s scale positions it as an industry leader, surpassing competitors like Saudi Arabia’s Hadeed and Emirates Steel.