Johann Rupert-led Remgro plans to unbundle 25-percent stake in Grindrod to shareholders
Grindrod is a freight logistics and shipping services company owned in part by Remgro.
Billionaires Africa
South African exec Josua Malherbe loses $1.4 million from Remgro stake in 17 weeks
Malherbe owns a beneficial 0.21-percent stake in the investment holding.
HRH QUEEN ER II: Death and Succession
There is a well-known phrase that states that “nothing is certain but death and taxes.”
Nigerian banking tycoon Herbert Wigwe gains $2.1 million in five days as Access Bank shares rebound
Wigwe owns a significant 4.27-percent stake in the bank.
Botswana magnate Chandra Chauhan-led Sefalana reports marginal profit growth as revenue surges above $570 million
Chauhan owns a 5.53-percent equity stake in the company.
Oprah Winfrey, Apple TV+ end multiyear content deal
In recent years, Winfrey has focused on her media empire.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million to $2.6 billion
Motsepe’s net worth has dropped by $500 million since the start of the year.
Nigerian telecom tycoon Mike Adenuga-linked construction firm announces $69.6-million debt facility
Adenuga owns 25.1 percent of Julius Berger through Goldstones Estates.
Moroccan tech tycoon Hassane Amor’s Microdata posts $4.3 million in profit in H1 2022
Amor’s 56.17-percent stake in Microdata is valued at $50.5 million.
Johann Rupert-linked Remgro plans to sell stake in TotalEnergies South Africa
Remgro has also completed the sale of a 30-percent stake in South Africa’s largest wine and spirits producer, Distell Group.
South African banker Alan Pullinger’s stake in FirstRand declines by nearly $2.7 million in past 38 days
Pullinger owns 5,634,679 ordinary shares of the major financial services company.
Nigerian billionaire Abdul Samad Rabiu gains $313.2 million in 50 days from stake in BUA Foods
Rabiu and his son own 99.8 percent of BUA Foods.
Kenyan exec Rohan Patel has lost $1.2 million in five months on Nairobi Stock Exchange
Patel owns a significant 20.7-percent stake in the Kenyan insurer.
Led by Egyptian magnate Abdallah Sallam, MNHD expects to award contracts worth $154 million this year
Sallam owns five-percent of the real estate company.
Kenyan media mogul John Kimani-linked Kakuzi to ship second avocado consignment to China
Kimani owns 32.3 percent of Kakuzi.
Aliko Dangote reemerges as world’s 74th richest billionaire
Dangote is presently not only the richest man in Africa, but also the richest Black man in the world.