Markus Jooste's Hermanus mansion sells for $6.4m in one of South Africa's biggest coastal property deals
The Voëlklip estate in Hermanus, once tied to disgraced Steinhoff CEO Markus Jooste, has sold for a record $6.4 million
Latest
Michael Jordan's net worth hits $4.3 billion in 2026
Forbes' latest rankings confirm Michael Jordan's net worth climbed to $4.3 billion in 2026, making him the richest retired athlete on the planet by a wide margin.
South African billionaire Zak Calisto gets regulatory green light to take joint control of King Price Insurance
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.
Israeli billionaire Dan Gertler pays $30 million to settle Congo bribery probe
Dan Gertler's former holding company has paid $30 million to settle a Dutch bribery probe over Congo mining deals dating back to 2010.
IFC plans $40 million bet on Egyptian billionaire Naguib Sawiris’ Nile Sugar desert project
The IFC is considering a $40 million loan to Nile Sugar Company, owned by Naguib Sawiris, to expand sugar beet farming in Upper Egypt.
Tanzanian billionaire Rostam Aziz acquires Kenya's Nation Media Group from Aga Khan
Tanzanian billionaire Rostam Azizi has bought the Aga Khan Fund's controlling stake in Nation Media Group, ending a 66-year era.
Every Black billionaire in the world in 2026, from Aliko Dangote to Beyonce and Dr. Dre
Forbes 2026 has confirmed Beyonce and Dr. Dre as new billionaires. Here is every black billionaire alive today, ranked.
Dr. Dre is officially a billionaire, 12 years after he said Forbes needed to update their list
Dr. Dre has finally made the Forbes billionaires list, more than a decade after declaring himself hip-hop's first billionaire.
Johann Rupert is publicly demanding that Stellenbosch University's council chair must go
Johann Rupert and Edwin Cameron have gone public, saying Stellenbosch University council chair Nicky Newton-King must not be re-elected.
Quinton van Rooyen's Trustco surrenders banking licence as Bank of Namibia drops liquidation bid
Quinton van Rooyen's Trustco has surrendered its Namibian banking licence, prompting the central bank to withdraw its High Court liquidation application entirely.
Devtraco, led by Ghanaian real estate mogul Joseph Aidoo, opens prime property to Nigerian capital
High-net-worth Nigerians are quietly moving capital into Accra's premium property market, drawn by dollar yields, stable tenants and structured entry through Devtraco Group.
How Djiboutian tycoon Abdourahman Boreh helped Dubai build a port empire in the Horn of Africa, then became its most inconvenient witness
Abdourahman Boreh brokered DP World's entry into Djibouti, collected fees from both sides, then fled into exile as the whole deal unravelled.
Vista Equity Partners completes $800 million acquisition of Omnitracs, targets Roadnet next
Vista Equity Partners closed its $800 million purchase of Omnitracs and moved the same day to acquire fleet software maker Roadnet Technologies.
Adrian Gore's Discovery Bank turns profitable as group delivers 24 percent operating profit jump
Adrian Gore's Discovery posted a 24% rise in normalised operating profit to R8.9 billion, with Discovery Bank crossing into profitability for the first time.
Southern Sun loses R735 million Sandton bid after Pareto pulls rank
Southern Sun has lost its R735 million bid for Sandton Consortium properties after co-owner Pareto exercised its pre-emptive rights to block the deal.
Platinum price surge puts Patrice Motsepe's ARM in position to restart projects it shut down a year ago
Patrice Motsepe's African Rainbow Minerals doubled its profit in six months as platinum prices surged, putting previously shelved expansion projects back on the table.