Raya Foods secures $40-million investment from Helios
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
Hot News
Eterna launches Jet-A1 fuel operations at Lagos airport
This strategic initiative represents a substantial expansion in the company’s aviation fuel services portfolio.
Heineken’s attempt to block $13.1-million payment to Kenyan tycoon Ngugi Kiuna fails
The court emphasized that the case revolved around the legitimacy of the termination notice, not constitutional interpretation.
Karooooo’s half-year revenue rises seven percent to $124.2 million on subscription growth
Total revenue climbed 7 percent to R2.19 billion ($124.2 million) from R2.04 billion ($115.7 million) a year earlier.
Sibanye-Stillwaters halts Australian unit operations in the wake of bushfire
Fortunately, all personnel were accounted for and unharmed as operational teams worked to mitigate the fire's impact on the site and surrounding areas.
South Africa’s Ackerman family loses $20 million from Pick 'n Pay shares
This follows a previous loss of $36.22 million between July 16 and Aug. 20, when the family’s holding fell from $199.3 million to $163.07 million.
Vantage finalizes $71.7-million debt investment in Camusat to enhance telecom services
The partnership between Vantage Capital and Camusat Holding aims to drive connectivity and sustainability across Africa.
Gordon Schachat’s top 5 ventures that have shaped South Africa’s financial, real estate, and art sectors
Gordon Schachat, a South African businessman, played a pivotal role in founding African Bank Investments Limited and Baobab Solid Growth.
Mike Teke leads four major companies driving South Africa’s mining and energy sectors
Mike Teke, one of South Africa’s top mining executives, has built and led four major companies — Optimum Coal, Seriti Resources, Seriti Green, and Masimong Group — leaving a lasting impact on the country’s mining and renewable energy sectors.
South African tycoon Adrian Gore makes $78.7 million from Discovery stake
Gore, one of South Africa’s most successful businessmen, owns 48,342,931 shares of Discovery.
Floyd Mayweather enters NYC real estate with $402 million affordable housing deal
Although Mayweather and Black Spruce have not issued public comments, the transaction is anticipated to be one of the largest multifamily housing deals in New York this year.
Energy mogul Simon Baloyi's Sasol faces high-stakes test
CEO Simon Baloyi is exploring liquefied natural gas imports to mitigate gas shortages, but this option comes with higher costs.
South African banker Alan Pullinger's stake in FirstRand exceeds $30 million
This marks a significant milestone for Pullinger, who holds a 0.13 percent stake, equivalent to 7,079,000 ordinary shares in FirstRand.
Lowe’s Chief Marvin Ellison sees stake rise above $210 million
Marvin Ellison, one of the few Black CEOs on the Fortune 500 list, owns 748,000 shares of Lowe’s.
Flour Mills plans $1-billion investment in Nigeria over four years
The announcement follows a move by its majority shareholder, Excelsior Shipping Company, to buy out minority shareholders and take the company private.
Grid Africa secures $2.8 million to boost solar projects in South Africa
The move aims to boost renewable energy projects in South Africa, as the country grapples with an increasingly strained power sector.