Strive Masiyiwa unveils $1 billion Econet Tech City to drive Zimbabwe industrialization
Strive Masiyiwa has unveiled plans for Econet Tech City, a $1 billion industrial hub on an 800-acre site near Harare's main airport. Body
Southern Africa
Elon Musk alleges bribery in South Africa as Starlink fight over telecom rules intensifies
Elon Musk has alleged bribery and race-based discrimination in South Africa's telecom rules, saying Starlink has been unable to secure a license to operate.
Ghanaian tycoon Joseph Siaw Agyepong's Zoomlion seals waste management deal with Zimbabwe's Geo Pomona
Zoomlion Ghana and Zimbabwe's Geo Pomona have signed a memorandum of understanding to share waste management technology and improve sanitation across Zimbabwe.
Jannie Durand sells R33.6 million in Remgro shares as Rupert's investment group discloses executive vesting round
Remgro's executive team, led by CEO Jannie Durand, has sold R52 million in shares under the Rupert-controlled group's conditional vesting plan.
Johann Rupert's Richemont takes center stage as Watches and Wonders Geneva 2026 opens
South African billionaire Johann Rupert's Richemont is bringing nine maisons to the world's largest watchmaking gathering, in Geneva this month.
WeBuyCars brothers buy JSE property giant for R654 million
The billionaire brothers behind WeBuyCars are acquiring JSE-listed RMH Holdings for R654.58 million through their vehicle AttBid, with a full delisting expected by June 2026, weeks after selling R866 million in WeBuyCars shares.
Koos Bekker sold $334 million in Naspers shares to build English gardens — and now his Somerset estate is taking on Chelsea
South African billionaire Koos Bekker sold $334 million in Naspers and Prosus shares to build historic farming estates across four countries, and now his Somerset hotel is launching a nine-day garden festival to rival Chelsea.
SARS is now targeting the trust structures of South Africa's wealthiest taxpayers
South Africa's tax authority has issued a fresh notice targeting how high-wealth individuals fund trusts and use donations structures, while new lifestyle audit powers and penalties of up to 200% are closing in.
Natie Kirsh sold a $29 billion business in America. South Africans are asking whether he could have done it at home
Natie Kirsh's $29.1 billion sale of Jetro Restaurant Depot is prompting a hard question in South Africa: could his empire have been built at home?
Zimbabwean billionaire Strive Masiyiwa's Econet InfraCo plans luxury Victoria Falls resort with 40 villas and private hospital
Econet InfraCo says it will build a luxury Victoria Falls resort with 40 villas, premium amenities and a 10 bed private hospital.
Tycoon Ken Sharpe’s WestProp launches Chivhu Eco City, a 5,000-hectare development with 20,000 properties and Zimbabwe's first 30-year mortgage
WestProp Holdings has unveiled Chivhu Eco City, a 5,000-hectare project set to deliver 20,000 properties with Zimbabwe's first 30-year mortgage terms.
Here is everything you need to know about Nathan Kirsh, Africa's new 2nd richest man who built a $17 billion fortune by selling groceries to restaurant owners nobody else wanted to serve
Nathan Kirsh has become Africa's second richest person at $17.1 billion. Here is everything you need to know about the 94-year-old billionaire from Eswatini.
Eswatini billionaire Nathan Kirsh overtakes Johann Rupert and Abdulsamad Rabiu to become Africa's 2nd richest person
Nathan Kirsh is selling Jetro Restaurant Depot to Sysco at a $29.1 billion valuation, a deal that adds at least $10 billion to the 94-year-old South African billionaire's fortune.
Netflix grants billionaire Strive Masiyiwa 654 stock options at $95.55 as Netflix trades near $980
Netflix has granted board director Strive Masiyiwa 654 non-qualified stock options at an exercise price of $95.55 per share, expiring April 2036.
SpaceX files for a June IPO targeting a $1.75 trillion valuation that would push Elon Musk toward trillionaire status
SpaceX has confidentially filed for an IPO targeting a $1.75 trillion valuation and a raise of up to $75 billion, which would be the largest public offering in history and push Elon Musk toward trillionaire status.
South African tycoon Robert Gumede faces R390 Million Covid-19 PPE fraud claim amid Tongaat Hulett bid
South African billionaire Robert Gumede is pursuing a takeover of Tongaat Hulett through Vision Sugar while facing a R390 million Special Tribunal claim that he masterminded a Covid-19 PPE price-gouging scandal involving SAPS.