Shoprite, partly owned by Christo Wiese, hits 100th solar site, seeks new partners
Shoprite reaches its 100th solar site in South Africa, boosting renewable power while seeking new energy wheeling partners.
Southern Africa
South African billionaire Johann Rupert’s Richement sells Baume & Mercier
South African billionaire Johann Rupert’s Richemont sells Baume & Mercier to Italy’s Damiani Group as luxury portfolios shift.
Patrice Motsepe joins world’s top 1,000 richest as net worth tops $4 billion
Patrice Motsepe enters the world’s top 1,000 richest as his net worth climbs above $4 billion, driven by gains in mining and investments.
South African executive Laurence Rapp-led Vukile buys 35% of Pradera in $5.9B deal
South African executive Laurence Rapp-led Vukile acquires 35% of Pradera in $5.9 billion deal, expanding its retail reach globally.
Aspen Pharmacare founder Stephen Saad eyes Canada as first proving ground for generic Ozempic rivals
Aspen founder Stephen Saad wants Canada to be the proving ground for generic semaglutide, as competitors race regulators and supply constraints.
South African billionaire Zak Calisto's Karooooo posts $86.1 million in quarterly revenue
Karooooo Says Cartrack Growth Picked Up in Q3 as Recurring Revenue Jumps and Subscriber Adds Hit Record
South African billionaire Koos Bekker loses $200 million amid market pullback
South African billionaire Koos Bekker’s net worth fell by $200 million after a pullback in Naspers and Prosus shares.
Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda
Opaia Motors opens Angola’s only operating vehicle assembly plant in Luanda, promising jobs and local supply chains as leaders seek less reliance on imports.
Retail tycoon Chandra Chauhan's Sefalana expects profit to fall as Botswana economy weakens
Chandra Chauhan’s Sefalana flags a profit dip, blaming a softer economy, food inflation and rising living costs nationwide across Botswana.
South African billionaire Johann Rupert’s Richemont posts $20 billion in nine-month revenue
Richemont reports $20 billion in nine-month sales, driven by jewelry growth and strong retail performance worldwide.
Glencore, led by South African executive Gary Nagle, signs Oman offtake deal for steel input
Glencore, led by Gary Nagle, agrees to buy up to 1.25 million tons of cleaner steel from Oman, advancing its energy transition goals.
Piet Mouton, partners collect Capitec shares worth $91.5 million
South African businessman Piet Mouton and family trusts receive $91.5 million in Capitec shares after Curro Holdings delisting.
Zimbabwean tycoon Mutumwa Mawere dies at 66 after storied business career
Mutumwa Mawere, a towering figure in Zimbabwean business whose empire spanned mining to banking, has died in South Africa at age 66.
Patrice Motsepe overtakes Koos Bekker as South Africa’s third-richest man
Motsepe edges past Bekker, reaching $3.9 billion to become South Africa’s third-richest, fueled by mining stakes and market gains.
AJ Property, led by Bernadette Mzobe, prepares to open new KwaZulu-Natal mall
AJ Property, led by Bernadette Mzobe, is set to open Kingsburgh Junction mall, boosting retail and jobs in KwaZulu-Natal.
South African multimillionaire Saltzmans gain $20 million in Dis-Chem
South African multimillionaire Saltzman family has gained $20 million as their Dis-Chem stake climbs to $588 million.