South African billionaire Robert Gumede's $1.9 billion smart city hits land and contract snags
Robert Gumede's Guma Group plans a $1.9 billion smart city on Mpumalanga state land, but contracts, residents and a citrus farm are unresolved.
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Elon Musk renews Starlink push for India, targeting 440 million rural users locked out of 4G coverage
Elon Musk has renewed his pitch for Starlink in India, targeting the country's 440 million rural internet users as SpaceX reapplies for regulatory approval to deploy its next-generation satellite constellation.
A Tesla worker would need 2.5 million years to match Elon Musk's 2025 pay of $158 billion, AFL-CIO data shows
AFL-CIO data shows Tesla's CEO-to-worker pay ratio hit 2,522,203-to-1 in 2025, with Elon Musk credited with $158.3 billion in compensation against a median employee salary of $57,243.
Morocco has a new billionaire, construction tycoon M'hammed Kabbaj, worth $1.7 billion
Morocco has a new billionaire in SGTM chairman M'hammed Kabbaj, whose 22.2 million shares in the construction group are worth $1.72 billion.
King Mohammed VI's family owns $17.5 billion in listed Moroccan firms, two-thirds of it mining
Morocco's royal family controls 60% of Al Mada, giving it roughly $17.5 billion in publicly traded Moroccan companies, with $11.3 billion in mining.
Billionaire Ray Dalio says put 10% to 15% of your portfolio into gold
Ray Dalio has told investors to underweight bonds and hold 10% to 15% in gold, warning a US debt crisis could arrive within five years.
Billionaire Dr. Dre says the only people who fear AI are those who struggle to create
Billionaire Dr. Dre says he uses AI in the studio and that only people who struggle to create see it as a threat.
Rival airline asks tribunal to block South African tycoon Tshepo Mahloele's FlySafair takeover
CemAir asked South Africa's Competition Tribunal to block Harith Aviation's purchase of FlySafair, citing the state pension fund's interests on both sides.
Burkinabè billionaire Idrissa Nassa's Coris Bank commits $712 million to hospitals and schools
Idrissa Nassa's Coris Bank has committed to mobilise $712 million for four university hospitals and 27 schools under a memorandum signed in Ouagadougou.
South African billionaire Johann Rupert is $1.3 billion richer on a Cartier jewellery boom
Johann Rupert's fortune has risen to $17.4 billion from $16.1 billion in March, driven by record jewellery sales at Cartier and Van Cleef.
Elon Musk's Tesla and SpaceX are building a 100 million square foot chip plant in Texas
Tesla, SpaceX and Intel are building Terafab, a 100 million square foot chip plant in Texas, with a first phase costing $16.8 billion.
Billionaire Bill Ackman pledges $400 million to brain research after his daughter's stroke
Bill Ackman and Neri Oxman have founded the Ackman Oxman Institute with $400 million in Pershing Square shares, after his daughter's stroke.
Billionaire Robert F. Smith's Vista is exploring a $3 billion sale of Allvue Systems
Vista Equity Partners, founded by Robert F. Smith, has hired Evercore and Barclays to explore a sale of Allvue Systems at up to $3 billion.
South African billionaire Patrice Motsepe's ARM expects earnings to rise up to 22%
African Rainbow Minerals, founded by Patrice Motsepe, expects headline earnings to rise 12% to 22% on higher platinum group metals prices.
Aliko Dangote pledges $432,000 for a Lagos girls' hostel and jobs for first-class graduates
The Aliko Dangote Foundation has pledged ₦600 million for a girls' hostel at Lagos State University and jobs for first-class graduates.
South African tycoon Simphiwe Mehlomakulu takes a stake in Shell's 580 petrol stations
Simphiwe Mehlomakulu's Reatile Group will be the empowerment partner in ADNOC's $1 billion purchase of Shell's South African fuel business.