South Africa’s biggest food producer to sell canned fruit business for one rand
This is part of the company’s ongoing efforts to streamline its operations and concentrate on its core business in the local market.
South Africa
Stephen Brookes' Balwin posts $120 million revenue in 2025
Balwin posted $120.6 million in revenue for FY2025, down 6%, as rate cuts in H2 fueled an 8% profit rise despite sluggish apartment sales.
Stephen Saad raises Aspen stake by $5.6 million amid stock slump
Stephen Saad invests $5.6 million more in Aspen amid its biggest stock slump in two decades, signaling confidence in the company’s long-term outlook.
Gautam Adani’s port arm eyes South Africa amid expansion push
Adani Ports is evaluating a push into South Africa as it seeks to expand across African trade routes after turbulence slowed its international momentum.
Noluthando Gosa-linked ArcelorMittal SA pays Eskom $171 million for electricity
In 2024, ArcelorMittal SA paid Eskom $171 million for electricity as rising costs, weak demand, and imports pressured the steelmaker.
Ackerman family stake tops $180 million as Pick n Pay shares rebound
The family owns 16.71 percent of Pick n Pay, which amounts to 124.68 million shares.
Clicks Group, led by Bertina Engelbrecht, plans $54.5 million expansion
Clicks Group, led by Bertina Engelbrecht, to invest $54.5 million to expand stores, upgrade supply chains, and grow health and beauty segments.
Anthony Leeming pockets $1.2 million salary in 2024
The South African executive’s R23.15 million ($1.23 million) pay in 2024 reflects his impact on Sun International’s success.
Koos Bekker's Prosus backs Rain’s $75 million funding round
Under South African billionaire Koos Bekker, Prosus continues its efforts to support tech solutions that address the evolving needs of workers worldwide.
Laurence Rapp-led Vukile acquires mall in Portugal for $72 million
Vukile Property Fund expands its Iberian retail portfolio with a $72.2 million acquisition of Forum Madeira, strengthening its foothold in Portugal’s tourism sector.
Rob Hersov backs U.S. aid cuts to South Africa
South African billionaire Rob Hersov backs U.S. aid cuts to South Africa, calls for more sanctions against ANC.
Adrian Gore-linked Discovery Life pays $593 million in claims
The company paid out R11.5 billion ($593 million) in benefits, with wellness incentives and living benefits surpassing traditional death claims for the first time.
Duncan Wanblad's Anglo American faces hurdle in $3.5 billion deal
Anglo American is also navigating a strategic overhaul, including a potential listing of its diamond business, De Beers.
Saltzman family, one of South Africa’s richest, loses $43.95 million from Dis-Chem stake
This follows a previous loss between Feb. 7 and Mar. 10, when their stake dropped by $45.37 million, from $473.47 million to $428.09 million.
Glencore, led by Gary Nagle, sets date to shut Mount Isa Copper Mine
Located in north-west Queensland, the mine has been a vital part of Australia’s mining landscape for over a century.
South Africa’s richest man Johann Rupert loses $1.1 billion, net worth drops below $16 billion
Since the start of March, Richemont’s shares have dropped more than 11 percent, bringing the value of his stake down from $12.5 billion to $11.5 billion.