South African billionaire Zak Calisto's Karooooo posts record results as Cartrack accelerates
Billionaire Zak Calisto's Karooooo posted record full-year results as Cartrack subscription revenue rose 19%, and it raised its dividend 20% to $1.50.
Southern Africa
South Africa's richest man received a $140 million fee from Reinet's big sale
A Rupert family entity was paid a 2.3 billion rand performance fee after Johann Rupert's Reinet sold its largest asset for about 62 billion rand.
Sir Wicknell: From Chivhu to the Continental Stage
Cleared by South African police, honored in Morocco, and pledging $1 million to bring stranded Zimbabweans home — Wicknell Chivayo’s remarkable week caps a two-decade journey from a bus company wages clerk to one of Africa’s most talked-about businessmen.
South African tycoon Sandile Zungu confirms bid to unseat Danny Jordaan as SAFA president
Businessman Sandile Zungu, the AmaZulu owner, has confirmed he will challenge Danny Jordaan for the South African Football Association presidency in September.
Billionaire Patrice Motsepe's African Rainbow Capital wins South African ruling in $195 million graphite fight
Patrice Motsepe's African Rainbow Capital says a Johannesburg court cleared it of contract claims in a $195 million Tanzanian graphite dispute.
South Africa's two richest men are locked in a decades-long horse racing rivalry
Johann Rupert and the Oppenheimer family have poured billions into South African horse racing, building rival stud farms and saving the sport.
Zimbabwean tycoon Wicknell Chivayo's private-jet celebration of Mnangagwa's 2030 term draws mixed reaction
A video of Zimbabwean businessman Wicknell Chivayo celebrating Mnangagwa's term extension aboard a private jet has sparked a lively online debate.
South African billionaire Michiel le Roux borrows $402 million against his Capitec shares
Capitec co-founder Michiel le Roux has raised about $402 million by refinancing a loan secured against 1.37 million shares in his own bank.
Billionaire Patrice Motsepe plays down ANC presidency run as polls put him ahead
Patrice Motsepe played down running for ANC president, saying his contribution is best made outside politics, even as polls show him leading.
Pick n Pay, controlled by Soutgh Africa's billionaire Ackerman family, sells down its Boxer crown jewel to fund a slow turnaround
Pick n Pay has sold down more of Boxer for R4.7 billion, funding a slow turnaround that cost the Ackerman family control of the retailer.
Angola prepares to list Unitel, the telecom empire seized from former billionaire Isabel dos Santos
Unitel, the Angolan telecoms giant once part-owned by Isabel dos Santos, will start an IPO roadshow next week ahead of listing a 15% stake.
South African billionaire Robert Gumede plans to turn Tongaat sugar into power and fuel
The billionaire told Semafor he will turn Tongaat Hulett's sugarcane into electricity, ethanol and gases to save the rescued South African producer.
South Africa's wealthy Levy brothers lose $97 million in ten months on Cell C woes
South African billionaire brothers Mark and Brett Levy have lost a combined R1.58 billion ($97.1 million) in ten months after the Cell C IPO disappointed investors.
South Africa rejects wealth tax in win for billionaires
South Africa's Finance Minister Enoch Godongwana has rejected a wealth tax, delivering a direct win to the country's billionaire class led by Johann Rupert and Patrice Motsepe.
South African billionaire Johann Rupert's Richemont completes Baume and Mercier sale to Italy's Damiani
Johann Rupert's Richemont has completed the sale of 196-year-old Swiss watchmaker Baume and Mercier to Italy's Damiani Group, ending a 38-year ownership of the historic brand.
South African superstar Tyla signs multi-million dollar deal with Jay-Z's Roc Nation
South African superstar Tyla has signed a multi-million dollar global deal with Jay-Z's Roc Nation, joining an elite roster that includes Rihanna, Tiwa Savage and Ayra Starr.