Swiss private bank Pictet opens South Africa office as Africa’s millionaire ranks swell
Swiss private bank Pictet is opening in South Africa after regulatory approval, betting Africa’s wealthy class will drive more cross border investment.
Southern Africa
Cell C turns the corner as Blue Label’s Levy brothers steer turnaround
Cell C says its assets now exceed liabilities, a milestone after Blue Label’s Brett and Mark Levy bought in and funded a painful turnaround.
Meya Mining lands $25 million Ecobank facility as Trustco backs ramp up in Sierra Leone diamonds
Meya Mining secured a $25 million Ecobank facility that Trustco says will fund new equipment and speed diamond output in Sierra Leone.
Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Capitec’s projected earnings of up to $1.07 billion shifts Michiel Le Roux’s mission is to build a simplified, mass-market banking giant challenging South Africa’s biggest lenders
South African Agri tycoon Sean Walsh steps down as KAL Group CEO after 15 years
Veteran executive Sean Walsh is stepping down as CEO of KAL Group after nearly fifteen years of guiding expansion and transformation, while continuing to serve as Agbiz chairperson until June
Best fixed deposit rates in South Africa for a $100,000 equivalent: February 2026
South African banks are paying up to the high single digits for one year cash, with digital challengers pushing the top end.
South African billionaire Johann Rupert’s Richemont set to sell Jaeger LeCoultre
South African billionaire Johann Rupert’s Richemont is advancing plans to sell Jaeger LeCoultre in a billion-franc management buyout.
Discovery Founder Adrian Gore Moves to Buy Landmark Sandton Headquarters
Discovery founder Adrian Gore has backed the R4.05 billion purchase of the group Sandton headquarters, citing long term savings and balance sheet strength.
Billionaire Van Der Walt Brothers Orchestrate $41.1 Million RMH Property Deal
Billionaire WeBuyCars founders Faan and Dirk Van Der Walt are leading a $41.1 Million property acquisition through AttBid, as RMH moves to monetise its long-held property assets in a landmark JSE transaction
South African tycoon Tshepo Mahloele's Harith finally gets its airline with FlySafair takeover
Harith General Partners secures FlySafair, two years after its SAA deal collapsed, marking a shift in South Africa’s airline market.
Zim billionaire Strive Masiyiwa’s Econet delisting and InfraCo spinoff draws scrutiny as investors weigh payout terms
Strive Masiyiwa’s Econet is pitching a $1bn InfraCo spinout, but an analyst warns shareholders to scrutinize valuation, liquidity and payout terms.
Banking tycoon Lesetja Kganyago warns stablecoins could threaten currency stability in South Africa
Lesetja Kganyago has warned that the growing use of stablecoins could threaten currency stability in South Africa, citing regulatory gaps and rising global economic uncertainty
South African tycoon Senzo Tsabedze's Afrirent acquires bus manufacturer Busmark 2000
Afrirent founder Senzo Tsabedze is set to buy Busmark, pulling the Randfontein bus maker out of business rescue and into a wider logistics group.
South Africa's richest man might be looking to sell luxury watchmaker Jaeger LeCoultre
Sale talk is swirling around Jaeger LeCoultre, and Rupert controlled Richemont is under pressure to prove its watch strategy after a brand disposal.
Naspers flags R32bn in asset sales as CEO Bloisi shifts focus from big buys to sharper performance
Naspers plans to sell over R32bn in non core assets as CEO Fabricio Bloisi pauses major acquisitions and pushes profits across e commerce.