Gus Attridge’s stake in Africa’s largest pharma company drops by $16.5 million
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.
South Africa
Sibanye-Stillwater gains momentum as U.S. regulation boosts Montana PGM operations
Sibanye-Stillwater’s Montana PGM operations will gain from new Section 45X regulations under the U.S. Inflation Reduction Act (IRA), ensuring vital funding for palladium and platinum mining.
Capitec restricts crypto transfers, pushes pricier Capitec Pay as fraud measure
Capitec Bank has blocked electronic funds transfers to cryptocurrency exchanges, urging clients to use its costlier Capitec Pay service instead, citing fraud prevention.
Vodacom faces regulatory setback in $790-million Maziv acquisition
Vodacom's Maziv deal blocked by Competition Tribunal. Regulatory hurdles stifle expansion plans.
Pick 'n Pay announces exit from Nigeria amid financial losses
South African retailer offloads stake amid challenging market conditions.
Harmony Gold records $3.47 billion in revenue at close of fiscal year 2024
The Johannesburg-based miner attributed this growth to increased gold sales and a favorable pricing environment.
Dis-Chem, led by Ivan Saltzman, eyes disruption of South African life insurance market with new venture
Dis-Chem, under the leadership of Ivan Saltzman, plans a disruptive entry into South Africa’s life insurance market, challenging Discovery Life with data-driven, cost-efficient offerings.
ArcelorMittal SA rejects $1-billion acquisition bid from Networth Investments
The rejected offer aimed to secure a controlling stake in the company, with ArcelorMittal reaffirming its commitment to operational independence amid ongoing ownership discussions.
Pick n Pay to list Boxer unit in JSE IPO, targeting $451 million
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
Barry Swartzberg gains $43.3 million from stake in South Africa’s Discovery
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
FirstRand to appeal UK Court ruling on motor finance broker transparency
In its appeal, FirstRand argues that motor dealers should not be held to fiduciary standards or be required to provide impartial advice.
Saltzman family gains $18.8 million as Dis-Chem shares climb
South Africa’s Saltzman family controls a 29.3 percent stake, equivalent to 302,066,319 ordinary shares in the Gauteng-based company.
Italtile’s market performance boosts Giovanni Ravazzotti’s stake to $544 million
As the leading shareholder with a 56.46 percent stake, Ravazzotti owns 746,244,490 shares in Italtile.
Datatec posts $30.2-million profit in H1 2025
This growth comes despite a 5.45-percent dip in revenue, which fell to $2.61 billion due to ongoing market challenges and currency fluctuations.
African Bank offers $28.3 million for Grindrod property assets
Deal to diversify African Bank’s portfolio; Grindrod refocuses on core operations.
Sasol shares drop over five percent amid production and operational challenges
Sasol shares dropped by over five percent following operational challenges and lower production volumes in the first quarter of FY2025, as the petrochemical giant grapples with phased shutdowns and market pressures.