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.
South Africa
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.
Nedbank CIB's Zakhele Mayisa spearheads efforts to close Africa’s $100-billion infrastructure funding gap
The African Continental Free Trade Area (AfCFTA) could transform Africa’s economy, but a $100-billion annual infrastructure gap remains a hurdle.
Jens Montanana gains $3.5 million as Datatec shares climb
South African tech tycoon, Jens Montanana’s growing stake underscores his influence as a top investor in South Africa’s tech sector.
Karooooo’s half-year revenue rises seven percent to $124.2 million on subscription growth
Total revenue climbed 7 percent to R2.19 billion ($124.2 million) from R2.04 billion ($115.7 million) a year earlier.
Gordon Schachat’s top 5 ventures that have shaped South Africa’s financial, real estate, and art sectors
Gordon Schachat, a South African businessman, played a pivotal role in founding African Bank Investments Limited and Baobab Solid Growth.
Mike Teke leads four major companies driving South Africa’s mining and energy sectors
Mike Teke, one of South Africa’s top mining executives, has built and led four major companies — Optimum Coal, Seriti Resources, Seriti Green, and Masimong Group — leaving a lasting impact on the country’s mining and renewable energy sectors.
Energy mogul Simon Baloyi's Sasol faces high-stakes test
CEO Simon Baloyi is exploring liquefied natural gas imports to mitigate gas shortages, but this option comes with higher costs.
PSG Group records $37.1-million profit in H1 2024
Total income increased by 13.04 percent to $186.28 million, driven by improved customer activity and market-linked revenue streams.
Vunani Fund Managers launches first actively managed ETF on JSE
The AMETF's listing is a testament to Vunani's commitment to innovation and providing investors with valuable investment opportunities.
Titan Fincap settles $63.1-million loan with Shoprite shares acquisition
The purchase, finalized on Oct. 7, 2024, concludes a scrip loan agreement that allowed Titan Fincap to borrow 3,831,164 shares of Shoprite on Oct. 12, 2023.
Neal Froneman's wealth dips amid Sibanye-Stillwater's stock decline
Froneman, who serves as Sibanye’s CEO, holds a 0.12-percent stake in the Johannesburg-based mining giant, amounting to 3,284,428 shares.
South Africa’s Sibanye ordered to pay damages over failed $1.2-billion Brazil mines deal
The court's decision comes on the heels of Sibanye’s failed acquisition of Brazilian nickel and copper mines, specifically the Santa Rita and Serrote assets.
Absa partners with IFC to launch $50-million trade facility for African farmers
This follows a recent collaboration between Absa and IFC, which resulted in a $60 million trade finance facility for Volcafe, a leading global green coffee merchant.