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Johann Rupert's fiber group Maziv now passes 2.9 million South African homes with 1.38 million subscribers, generating $473 million in revenue, Remgro's results show.
UBS analyst Zuzanna Pusz kept her buy rating on Richemont after the bank's Milan luxury conference, with a target of CHF 188.76 a share.
Alexander Forbes is taking on a R2.1 billion loan to buy out Prudential, a transaction that lifts Patrice Motsepe's stake from 49.88% to 77.94%.
Banyan Group has acquired a majority stake in Newmark Hotels & Reserves, adding 26 properties across seven African countries to its portfolio.
Benus, an investment company tied to Anna Mokgokong's Community Investment Holdings, has completed its acquisition of Forever Resorts.
Lebashe holds 8.5 million Capitec shares worth R39.6 billion, pledged to two banks as security for the loans that bought them.
Capitec founder Michiel le Roux has donated $13 million to the Democratic Alliance over five years, the largest sum from any individual donor.
Sipho Nkosi built Exxaro into a major coal producer, retired in 2016 and now chairs Talent10, which has backed IoT, films, gaming and insurance.
Douw Steyn bought a bankrupt insurer in 1984 and built Budget Holdings Limited, Steyn City and the Saxon Hotel before his death in February 2025.
Discovery Bank made R370 million against a R68 million loss, and 70% of new customers now come from outside the wider Discovery group.
Fynbos Group bought out Ardagh Glass Packaging Africa's shares in Red Disa Investments, taking the Le Roux family to 71.5% of Stormers Rugby.
A Tanzanian judge struck out Pula's $195 million claim against Patrice Motsepe on Aug. 7 without ruling on the merits. Pula has now appealed.
Octodec chairman Sharon Wapnick resigns as a Nutun director and remuneration committee chair, effective Sept. 30, after six years on the board.
Cartier has opened its first New Zealand store, on Auckland's Queen Street. It is the eighth in Oceania for the house that has driven most of billionaire Johann Rupert's recent gains and Richemont's third brand on the same street.
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.
Christo Wiese, worth about R31 billion, says the slogan aimed at him for years is meaningless and that 95% of his wealth remains in South Africa.