Indian billionaire Ravi Jaipuria scraps South African dairy deal, heads to arbitration
Varun Beverages, controlled by Indian billionaire Ravi Jaipuria, terminated its R238 million Crickley Dairy deal and sent the dispute to arbitration.
South Africa
South African tycoon Marcel Golding's pay jumps fivefold as AOE profit falls 72%
Marcel Golding's pay rose to R5.25 million, about $322,000, at AOE, where profit attributable to shareholders fell 72% to R3.5 million.
South African tycoon Mzi Khumalo turned $15.5 million into Zimbabwe's largest gold miner
Mzi Khumalo bought Lonmin's Zimbabwean gold mines for $15.5 million in 2002 and built Metallon into the country's biggest gold producer.
South African tycoon Chris Seabrooke donates $12.6 million to Wits University in Sabvest shares
The Seabrooke Family Trust donated 1.4 million Sabvest Capital shares worth R204.4 million to the Witwatersrand University Foundation.
Ghanaian tycoon Sam Jonah is helping raise $1 billion for African critical minerals
Former Gold Fields CEO Chris Griffith is raising $1 billion for African critical minerals with Colin Coleman and Ghana's Sam Jonah.
South African mining boss Neal Froneman wants to build a $410 million Formula One circuit
A consortium chaired by former Sibanye-Stillwater CEO Neal Froneman plans a R6.7 billion motorsport complex in the Swartland to host F1 by 2031.
South African defence tycoon Ivor Ichikowitz says Africa must build its own weapons
Paramount founder Ivor Ichikowitz says Africa should build its own defence industry, citing a youth survey his own foundation commissioned.
South African media mogul Given Mkhari built four radio stations from scratch
Given Mkhari founded Shilumana, formerly MSG Afrika, and built Capricorn FM, Power 98.7, Rhythm FM and Beat 105.2 by applying for licences.
Indian billionaire Lakshmi Mittal buys a South African cricket team and two others for $1.65 billion
India's competition regulator approved Lakshmi Mittal and Adar Poonawalla's $1.65 billion purchase of Rajasthan, Paarl and Barbados Royals.
South African billionaire Johann Rupert takes no salary at Remgro but collects $32.8 million in dividends
Johann Rupert draws no salary from Remgro. He is collecting $32.8 million in dividends after headline earnings rose 42.3% to $685 million.
South African tech mogul Jens Montanana is cashing in on AI without building a data centre
Datatec has set out an AI infrastructure strategy built on edge computing, a month after announcing a R7 billion special dividend to shareholders.
Indian billionaire Satyanarayan Nuwal's Solar buys South Africa's Omnia for $1.4 billion
Solar Industries has agreed to buy Omnia Holdings at 134.5 rand a share, a 14.3% premium, in a deal valuing the JSE-listed group at $1.4 billion.
South African tycoon Don Ncube was Anglo's first black director and now drills for gas
Don Ncube holds 16.35% of Kinetiko Energy, a stake worth about $6.9 million, built from licences the South African state had no form to issue.
South Africa's two richest men are locked in a decades-long horse racing rivalry
Johann Rupert and the Oppenheimer family have poured billions into South African horse racing, building rival stud farms and saving the sport.