South African motor group CMH to pay directors $46 million for 13 dealerships
Combined Motor Holdings will pay three of its executive directors and their family trusts R745 million ($46 million) for 13 dealership properties it already leases.
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Money-laundering case over jailed Algerian tycoon Mahieddine Tahkout's funds delayed to August 31
An Algerian court has postponed to August 31 a money-laundering case centered on funds belonging to jailed tycoon Mahieddine Tahkout, with four private investors accused.
Billionaire Mark Zuckerberg and Priscilla Chan reportedly buy an Irish castle
Mark Zuckerberg and his wife Priscilla Chan have reportedly bought Strancally Castle in County Waterford, a Gothic-revival mansion set on a 440-acre riverside estate.
Egyptian billionaire Nassef Sawiris lifts his OCI stake to 57.5% in takeover push
Nassef Sawiris bought a further 320,708 OCI shares on Wednesday, taking his combined holding to 57.5% as his takeover offer proceeds.
Egyptian billionaire Naguib Sawiris takes the chair at Orascom Investment and lends it $10 million
Naguib Sawiris has become chairman of Orascom Investment Holding, whose shareholders approved a loan of up to $10 million from its principal owner.
Namibian tycoon Quinton van Rooyen fends off second bid to oust Trustco board
Trustco shareholders rejected Riskowitz's bid to replace the board, a second failed attempt in six months to remove Namibian tycoon Quinton van Rooyen.
Ugandan tycoon Patrick Bitature ordered to pay $256,136 in consultancy dispute
A Ugandan court has ordered tycoon Patrick Bitature to pay a consultancy about Shs954 million ($256,136), plus interest, over two stalled property projects.
Gaming mogul Mr Eazi plans an NGX listing
Mr Eazi told Nairametrics he intends to list a technology company on the Nigerian Exchange, citing Dangote, Rabiu and Otedola as inspiration.
Billionaire Anas Sefrioui to acquire Servier's Moroccan business
Anas Sefrioui's Pharma Capital will take full ownership of Servier's Moroccan subsidiaries, subject to Competition Council approval.
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.
South African billionaire Saltzman family's Dis-Chem sheds $432 million in three months
Dis-Chem has lost about $432 million (R7 billion) in market value in three months as the billionaire Saltzman family relinquished control following weak annual results.
Aliko Dangote is $5 billion richer since the Iran war closed the Strait of Hormuz
Aliko Dangote's Lagos refinery has become Europe's largest supplier of jet fuel and diesel since Iran closed the Strait of Hormuz.
Madagascar tycoon Mamy Ravatomanga seeks bail in $155 million Mauritius laundering case
Mauritius prosecutors oppose bail for Malagasy tycoon Mamy Ravatomanga, alleging state capture and $155 million in money laundering.
Egyptian billionaire Yasseen Mansour's Palm Hills lifts revenue 25% as profit falls 7%
Palm Hills, chaired by Egyptian billionaire Yasseen Mansour, lifted half-year revenue 25.4% while net income fell 7% on thinner margins.
Japanese billionaire Yusaku Maezawa's new $350 million superyacht has a two-storey art gallery
Yusaku Maezawa's new $350 million superyacht Nausicaä holds nine cabins, a helipad, an Olympic pool and a two-storey art gallery.
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.