
South African tech mogul Zak Calisto sees $71 million boost from Karooooo shares
This gain comes after a late-January decline that had reduced his stake to $874 million.
This gain comes after a late-January decline that had reduced his stake to $874 million.
PIC's decision reflects a strategic adjustment in response to rising costs and a slow economy, affecting South African businesses like Transaction Capital.
From luxury goods to mining and fintech, they shape economic trends and investment flows across Africa and beyond.
The decline comes as investors on the Johannesburg Stock Exchange (JSE) take profits and adjust their portfolios.
The move cements his position among the company’s top shareholders and reflects confidence in its future.
The retailer has closed 32 additional stores across the country, signaling its effort to streamline operations and reduce losses.
Douw Steyn, founder of Steyn City and owner of Saxon Hotel, dies at 72 after battling ongoing health issues.
Anglo American plans to spin off De Beers by end of 2025, part of broader strategy to focus on high-growth commodities.
Since the start of 2025, Anadkat’s 45.32 percent stake, which consists of 1,114,195,155 shares, has grown by $54.26 million.
The deal, first disclosed on Nov. 10, 2021, has encountered multiple regulatory and transactional hurdles, leading to repeated extensions.
This decision comes just 25 days after the company announced plans to wind down its Longs steel division, fueling speculation about government intervention.
This solidifies his standing as one of South Africa’s top investors.
The $2.67 billion increase in January alone far exceeds the $1.3 billion he added throughout 2024.
JPMorgan lifts its Clicks Group stake to 6.54%, signaling confidence in the retailer’s resilience as Standard Bank trims holdings amid market shifts.
The bank’s backing is a key part of the broader R22.8 billion ($1.23 billion) bid, reinforcing its role as a dominant corporate financier on the continent.
This will enable AXIAN to modernize its network infrastructure, expand 4G and 5G services, and fuel digital innovation across its operations.