Sibanye narrows loss to $211 million in H1 2025 under Neal Froneman
Sibanye Stillwater narrows H1 2025 loss to $211 million under CEO Neal Froneman, showing signs of recovery amid weak metal markets and operational restructuring.
Billionaires.Africa
Accelerate Property Fund, partly owned by Michael Georgiou, sells two Gauteng shopping centers
Accelerate Property Fund sells Buzz and Waterford Centers for $12.2 million to reduce debt, improve liquidity.
Oprah Winfrey, world’s richest Black woman, is $100 million richer
Oprah Winfrey’s net worth rises by $100 million, reaching $3.1 billion, cementing her as the world’s richest Black woman.
French billionaire’s firm Canal+ moves forward with $2.9 billion MultiChoice deal
The approval clears one of the last regulatory hurdles, allowing Canal+ to proceed with its mandatory offer to minority shareholders.
Ethiopia’s richest man Mohammed Al-Amoudi gains $2.2 billion; wealth nears $8 billion
Mohammed Al-Amoudi’s fortune rises $2.2 billion after Svenska sale, pushing his net worth toward $8 billion.
South African billionaire Patrice Motsepe drives Harmony Gold to $4.1 billion revenue
Harmony Gold, led by Patrice Motsepe, posts $4.07 billion revenue and $824 million profit as higher prices offset weaker output.
Prosus, led by South African billionaire Koos Bekker, in talks to invest $200 million in Rapido
Prosus, led by Koos Bekker, is in talks to invest $200 million in Indian ride-hailing firm Rapido, valuing it above $2.5 billion.
Africa's richest man, Aliko Dangote, gets $2.5 billion deal in Ethiopia
Aliko Dangote signs $2.5 billion fertilizer deal with Ethiopia to cut costly imports, boost food security and expand Africa’s farm output.
South African brothers, Brett and Mark Levy, lead Blue Label Telecoms to $140 million profit
Blue Label Telecoms, led by Brett and Mark Levy, posts $140.6 million profit as Cell C turnaround and digital growth drive headline earnings surge.
Egypt’s Ghabbour family gains $51 million from GB Corp stake
GB Corp shares climb 16.8%, earning the Ghabbour family $51 million and lifting market confidence in Egypt’s automotive industry.
Egyptian billionaire Naguib Sawiris now worth $9.25 billion after private investment gains
Egyptian billionaire Naguib Sawiris’ fortune rises to $9.25 billion as gold and private investments gain value.
Mohamed Mansour, Egypt’s third-richest person, now worth $3.4 billion
Egyptian billionaire Mohamed Mansour’s net worth rises to $3.4 billion, reinforcing his place among Africa’s top business leaders.
Malagasy businessman Hassanein Hiridjee joins Jumia board after $110 million shareholding
By extending his reach into e-commerce, he is positioning Axian to play a central role in shaping the next phase of Africa’s digital retail industry.
Africa now home to 25 billionaires, 122,500 millionaires, report says
Africa now counts 25 billionaires and 122,500 millionaires, signaling a new era of wealth creation across the continent.
South Africa’s Saltzman family stake in Dis-Chem rebounds to nearly $500 million
The Saltzman family’s stake in Dis-Chem has rebounded to nearly $500 million as shares rally on the Johannesburg Stock Exchange (JSE).
Jannie Mouton offers $400 million to turn South Africa’s largest private school network into nonprofit
Jannie Mouton’s trust offers $400 million for Curro, paving its JSE exit, while steering South Africa’s largest private school network into nonprofit status.