Indian billionaire Lakshmi Mittal nears $610 million sale of South African steelmaker
South Africa's state development lender will pay R3 billion in cash and take on R7 billion of debt to control ArcelorMittal South Africa.
South Africa
South African tycoon Sandile Zungu's AmaZulu signs partnership deal with Spain's Levante
AmaZulu has agreed a youth development partnership with the La Liga club Levante, five days after Sandile Zungu lost the SAFA presidency.
Elon Musk is a billionaire like everyone else again as fortune drops below $900 billion
Elon Musk's net worth has fallen below $900 billion as SpaceX shares slide toward their IPO price, wiping more than $500 billion since June.
Patrice Motsepe doubles SOLA Group stake to 83% in R20 billion bet on South Africa's renewables boom
Patrice Motsepe's African Rainbow Energy raised its stake in SOLA Group to 83 percent, taking control of South Africa's largest corporate renewables platform.
South African billionaire Patrice Motsepe shields African Rainbow Minerals brand in fresh trademark win
Patrice Motsepe has scored another trademark win as South Africa's Companies Tribunal forced a Durban firm to strip the African Rainbow name from its registration.
Rupert's Reinet builds $5.6bn cash pile after PIC stake sale
Johann Rupert's Reinet boosted its cash reserves to about $5.6 billion after selling its Pension Insurance Corporation stake, raising speculation about dividends or strategic deals.
Motsepe tops the ANC poll as South Africa 2027 race heats up
A new poll has placed Patrice Motsepe far ahead of all rivals in South Africa's ANC race, despite his rejection of any political ambition.
10 companies owned by South African multimillionaire Robert Gumede
Robert Gumede built one of Africa's biggest black-owned IT company from scratch. Here is every business the South African tycoon owns in 2026.