Shoprite grew sales by $1 billion while cutting prices at its cheapest stores
Shoprite added R18.1 billion in sales while running price deflation at Shoprite and Usave, and is buying coffee chain Vida e Caffè and R&A Cellular.
South Africa
South African billionaires Stephen Saad and Mike Teke are backing a $99 million township fibre push
The DNI consortium paid R1.6 billion for 34.8% of Frogfoot and Vox, a business that lost R256 million and has negative net asset value of R665m.
South Africa's Bidvest has stopped buying companies and started generating cash instead
Brian Joffe's Bidvest has closed three acquisitions totaling $102 million (R1.67 billion) in its 2026 financial year, headlined by the $92 million purchase of environmental testing specialist Aquatico Group, as the South African services giant posted $8 billion in revenue.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.
Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
South African mining tycoon Daphne Mashile-Nkosi could lose her mine over a $375 million debt
A court cleared the IDC to put Kalagadi Manganese into business rescue over $375 million. The lender was Daphne Mashile-Nkosi's first backer.
South African billionaire Johann Rupert is $1.3 billion richer on a Cartier jewellery boom
Johann Rupert's fortune has risen to $17.4 billion from $16.1 billion in March, driven by record jewellery sales at Cartier and Van Cleef.
Elon Musk's SpaceX to test Starlink links with South Africa ground stations
SpaceX will test laser links between new Starlink satellites and ground stations in South Africa, the one African market where Starlink cannot legally sell service.