Aspen, controlled by tycoon Stephen Saad, wins Canadian approval for generic Ozempic
Stephen Saad's Aspen Pharmacare has won Canadian approval for a generic Ozempic, but an ingredient supply failure will keep it off shelves for months.
Southern Africa
Zambian tycoon Rajan Mahtani's Finance Bank battles Malawi government over $284 million compensation claim
Finance Bank Malawi, linked to Zambian magnate Rajan Mahtani, is battling the government over a $284 million compensation claim after an unlawful licence revocation.
Global Witness says First Quantum bankrolled Zambia's president as tax breaks topped $771 million
Global Witness alleges First Quantum secretly funded Zambia's ruling party and won $771 million in tax breaks. The Canadian miner rejects the claims entirely.
Founding family's grip on Dis-Chem loosens as Ivan Saltzman's son quits the board
Saul Saltzman, son of Dis-Chem's billionaire founder Ivan Saltzman, has resigned from the board, loosening the founding family's grip on the retailer.
South African billionaire Koos Bekker opens $14,000-a-night lodge in second English village
The Newt, owned by South African billionaire Koos Bekker, has opened a 16-bedroom private estate in Somerset costing from $14,100 a night.
Billionaire Johann Rupert's Remgro has paid chief executive Jannie Durand $13.8 million over 14 years
Jannie Durand has earned R227.6 million running Johann Rupert's Remgro since 2012, with his largest pay packages arriving in 2022 and 2023.
Tycoon Sandile Zungu gathers regional backing as SAFA nomination deadline nears
Sandile Zungu's challenge for the SAFA presidency has gained momentum, with a rival withdrawing in his favour ahead of the July 29 nomination deadline.
South African billionaire Zak Calisto's stake in Karooooo crosses $1 billion again after record quarter
Karooooo founder Zak Calisto's direct stake is worth about $1.05 billion after record subscriber additions lifted the vehicle-tracking group's value to $1.81 billion.
Botswana tycoon Chandra Chauhan's Sefalana says government red tape killed his factory plans
Botswana's Sefalana says two food manufacturing projects, a dairy and a cooking-oil plant, collapsed for lack of government support, its managing director said.
Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
South Africa's PIC suspends CEO over Lanseria deal linked to billionaire Tshepo Mahloele's Harith
South Africa's PIC has suspended its CEO and drawn a regulator's probe over a Lanseria airport deal linked to billionaire Tshepo Mahloele's Harith.
Malawian billionaire Thom Mpinganjira says he built cancer hospital to save lives, not profit
Malawi's first billionaire, Thomson Mpinganjira, says he built the country's only radiotherapy cancer hospital to spare patients costly treatment abroad, not to profit.
South Africa's Halamandaris family sells Famous Brands shares near the stock's recent high
A trust linked to the Famous Brands founding family sold about $129,000 of shares this month, at prices roughly 5% above where the stock now trades.
Daughter of South African-born billionaire Kerr Neilson sells Sydney warehouse for $8.5 million
Beau Neilson, daughter of South African-born billionaire Kerr Neilson, has sold her Sydney warehouse for about $8.5 million, four times what she paid in 2012.
Angolan billionaire Antonio Mosquito doubles his stake in TotalEnergies-operated offshore oil block
Sonangol has handed 5% of the TotalEnergies-operated Block 17/06 to Falcon Oil, doubling the stake held by Angola's richest man to 10%.
How Canva's billionaire founders are handing $150 million in cash to Malawi's poorest
Canva's billionaire founders have committed $150 million to hand cash directly to Malawi's poorest, funding the largest unconditional cash experiment ever attempted.