Luxury online retailer, linked to South Africa’s richest man, to exit Chinese market
The decision to exit China underscores the increasing pressures faced by luxury retailers in the world’s second-largest economy.
The decision to exit China underscores the increasing pressures faced by luxury retailers in the world’s second-largest economy.
Despite challenges, Dangote Sugar aims to leverage the funds raised from the Notes to meet its operational and growth objectives.
This surge follows a previous increase of EGP5.28 billion ($113.13 million) between May 12 and 21.
The legal battle continues as dos Santos seeks to overturn the freezing order and address the charges against her.
DRC’s liberalized insurance sector, valued at $300 million in 2023, presents substantial growth prospects for Britam Holdings.
Laurie Dippenaar currently holds a 1.76-percent stake in FirstRand, amounting to 98,726,988 shares, making him one of South Africa’s leading investors.
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the bank’s $26.3 million rights issue.
The capital raise, aimed at generating N500 billion ($329.5 million) through the issuance of ordinary shares, underscores GTCO’s strategy to bolster its technological infrastructure
The recent $300 million decline in Johann Rupert’s wealth is tied to the performance of his 10.18 percent stake in Richemont.
As global scrutiny intensifies over fossil fuel projects, Standard Bank’s decision to support EACOP is set to influence the trajectory of similar ventures across the continent.
The EFCC upheld the forfeiture of 20 properties, 10 vehicles, and luxury watches to Eze, dismissing appeals by his brothers.
Year-to-date, Karooooo shares are up 48.27%, offering substantial returns to shareholders, exemplifying robust market performance.
The recent acquisition of BII’s stake by the local investor enhances I&M Group’s local ownership and strengthens its market understanding and operational agility.
This milestone, driven by its strategic partnership with Google Cloud services, enables Liquid C2 to deliver direct, high-speed access to Google Cloud
This uptick follows a period of steady gains for Gore, with his Discovery stake growing by $22 million between May 15 and 29.
The uptick comes after a previous decline, during which his stake in Zenith Bank fell by $13.3 million between April 25 and May 2