South African tycoon Giovanni Ravazzotti's Italtile faces five-year shareholder loss as stock trails market
Italtile investors are sitting on a five-year loss despite earnings growth, raising questions about market confidence and long-term value.
Southern Africa
Elon Musk summoned as France raids X over deepfakes
French authorities have summoned Elon Musk and searched X offices as investigations widen into alleged political interference and the spread of deepfake content.
Multimillionaire Sipho Nkosi’s Exxaro seals $615 million manganese deal
Exxaro’s $615 million manganese deal consolidates key assets in South Africa’s Northern Cape, marking a major shift in the country’s mining landscape.
Glencore shareholder Ivan Glasenberg invests $328 million into Astron Energy’s South Africa expansion
Billionaire Ivan Glasenberg’s Glencore is investing $328 million to upgrade Astron Energy’s Cape Town refinery, deepening its footprint in South Africa’s fuel market.
South African billionaire Michiel Le Roux’s Capitec to grow branches and ATM network as rivals scale back
Capitec plans to expand branches and ATMs in 2026, betting that physical access still matters as rivals cut networks and push deeper into digital banking.
South African billionaire Johann Rupert’s Richemont to sell Baume & Mercier to Italy’s Damiani
Richemont agreed to sell Baume & Mercier to Italy’s Damiani, handing control of one of Switzerland’s oldest watch brands to a family owned jeweler.
South African businesswoman Bridgette Motsepe-Radebe demands $630,000 legal costs from Botswana after 'Butterfly Case'
Cleared in a money laundering saga, Bridgette Motsepe-Radebe is pressing Botswana to settle costs and finish still-overdue court-ordered public apologies.
South African businessman Saki Macozoma says $723 million Exxaro deal proves BEE can build lasting mining value
Saki Macozoma says a R11.67bn manganese sale to Exxaro shows black economic empowerment can create lasting value despite years of public criticism.
Botswana retailer Sefalana reports half-year profit slip under Chandra Chauhan
Sales climbed to 5.82 billion pula, but profit fell, as Chandra Chauhan’s Sefalana keeps building its retail footprint across southern Africa.
South Africa's Datatec acquires Slovenia cybersecurity distributor Real Security to expand Balkans reach
Datatec says it has bought Slovenia based Real Security, giving Westcon Comstor a Balkans foothold as cybersecurity spending and channel demand grow.
Strive Masiyiwa’s Cassava faces renewed debt scrutiny as Econet Zimbabwe plans to delist
Bondholders can’t touch Econet Zimbabwe’s cash, and now the telecom wants to leave the stock market, raising new questions about Cassava’s debts.
Accelerate continues major sales following South African mogul Michael Georgiou’s exit
Michael Georgiou continues major property sales, raising R88 million as it trims debt post-Michael Georgiou departure.
Trustco faces board shake-up as Riskowitz fund calls shareholder meeting to remove founder Quinton van Rooyen
Riskowitz Value Fund has called a Feb. 16 meeting to replace Trustco’s board, escalating a long, messy fight with founder Quinton van Rooyen.
South African executive Laurence Rapp-led Vukile sells Spanish retail parks for $334 million
South Africa’s Vukile sells Spanish retail parks for $334 million, marking a full exit and refocusing on higher-growth shopping centers.
Patrice Motsepe’s African Rainbow Minerals takes trademark fight to South Africa tribunal over lookalike company names
African Rainbow Minerals is challenging companies it says are riding on its name, arguing their brands could mislead the public and investors.
Stanlib moves to buy Strive Masiyiwa's Africa Data Centres as South Africa regulators back the deal
Stanlib wants to buy Cassava’s Africa Data Centres after regulators recommended approval, a deal that could reshape South Africa’s fast growing data center market.