Neal Froneman’s Sibanye nears decision on restarting $281 million Burnstone gold project
“There’s no question, it’s a good project,” Froneman said, noting that the company had already invested $223.3 million before pausing development in 2021.
Latest
Aliko Dangote’s fertilizer plant listing may fetch $3 billion in market value
The fertilizer plant, spread across 500 hectares in Ibeju Lekki, Lagos, is already the largest of its kind in Africa.
Black billionaire Robert F. Smith’s Vista secures $5.6 billion to invest in cloud software
The technology-focused firm raised $2.7 billion in fresh capital, alongside $2.2 billion from existing flagship funds.
Jay-Z’s Roc Nation Sports signs deal with world’s first electric raceboat series
Jay-Z’s Roc Nation Sports partners with E1 to spotlight electric boat racing through culture, storytelling, and sustainable innovation.
Safwan Thabet’s Juhayna starts 2025 strong with $13 million Q1 profit
Safwan Thabet-led Juhayna posted a $13 million Q1 profit in 2025, driven by robust demand, merger gains, and product innovation across core dairy and juice segments.
Ghana’s Agyepong expands waste management operations to Burkina Faso after Lagos deal
Agyepong’s Jospong Group expands into Burkina Faso, launching a youth-led waste management system after sealing a landmark deal in Lagos.
South African billionaire Koos Bekker-led Prosus plans to double revenue by 2028
The company’s CEO, Fabricio Bloisi, announced this ambitious growth plan during Prosus’s Capital Markets Day on Wednesday.
South African billionaire Jannie Mouton gains $37 million from Capitec shares
Capitec’s stock surge boosts Mouton’s fortune and reaffirms investor confidence in South Africa’s leading retail bank.
Sven Thieme expands O&L’s footprint in Namibia’s luxury tourism with Desert and River Lodge acquisitions
The deal is currently subject to approval by the Namibian Competition Commission.
Black executive Marvin Ellison’s stake in Lowe’s grows by $5.8 million
Lowe’s CEO Marvin Ellison adds $5.8 million to his stake as shares rise 3.67%, lifting the retailer’s market cap above $120 billion.
Wale Tinubu’s Oando kicks off 2025 with $601.5 million in first-quarter revenue
Oando kicks off 2025 with a 90.51% profit surge to $70 million, powered by finance income, tax gains, and strong E&P performance.
South Africa’s Ivan Saltzman transfers nearly $400 million in Dis-Chem shares to sons
The move involves 217 million shares held via Ivlyn Local Investment Holdings, an investment vehicle controlled by the Saltzman family.
Nigerian tycoon TY Danjuma’s IMG gets backing for $4.2 million rights issue
TY Danjuma’s IMG wins shareholder support for $4.2 million rights issue after revenue surge; expands investments in power, gas, and agribusiness sectors.
MTN, led by Zimbabwe’s Ralph Mupita, completes $360 million share buyback
MTN Group repurchases $357.8 million worth of shares from MTNZF, closing BEE scheme and strengthening its balance sheet under CEO Ralph Mupita’s leadership.
How Prosus plans to repeat South African billionaire Bekker’s billion-dollar Tencent bet
Prosus bets big on India, echoing Bekker’s Tencent strategy with long-term investments in tech platforms like PayU and Meesho.
Kenny Fihla-led Absa accounting ‘in disarray,’ court denies property seizure bid
The court rejected Absa’s application, insisting the matter requires full trial and mediation, which the bank had declined.