Tanzanian multimillionaire Said Bakhresa set to invest $100 million in Malawi
Bakhresa’s planned investment holds immense significance in enhancing Malawi’s self-sufficiency in cooking oil production.
Southern Africa
7 iconic assets the late South African businessman Eric Ellerine owned
Ellerine’s legacy extends beyond furniture retail, shaping the landscape of South Africa’s business and investment sectors.
Eric Ellerine, one of South Africa’s richest men, dies at 90
As one of the country’s wealthiest individuals, his passing marks the end of an era.
Stephen Saad leads South Africa’s Aspen in game-changing $100-million Sandoz China acquisition
Discover how Saad’s audacious $100M deal is revolutionizing Aspen Pharmacare.
5 companies owned by Malawian multimillionaire banker Hitesh Anadkat
As the visionary force behind FMB Capital Holdings, Hitesh Anadkat’s influence extends across Southern Africa, impacting the financial sector.
South African billionaire Michiel Le Roux rakes in $208 million from Capitec Bank
This surge in his fortune reaffirms his position among South Africa’s billionaires — firmly establishing his presence within the ranks of the continent’s financial elite.
South African exec Derrick Msibi’s Stanlib plans $160-million investment in Africa’s renewable energy
Stanlib Asset Management, one of South Africa’s top investment firms, led by business executive Derrick Msibi, has unveiled plans to invest $160…
SA billionaire Johann Rupert’s Richemont rules out plans to invest in loss-making British luxury retailer
Last year, Rupert’s Richemont agreed to sell a 47.5-percent stake in its Yoox Net-A-Porter (YNAP) fashion and accessories business to Farfetch.
South African tycoon Gus Attridge rakes in $19 million from Aspen shares
The upswing comes on the heels of a setback that led to Attridge recording a loss of $11.96 million between Oct. 2 and Oct. 26.
5 richest bankers on the Malawi Stock Exchange
These trailblazers lead key banking institutions including FMB Capital Holdings, FDH Bank Plc, NICO Holdings, and the National Bank of Malawi.
5 companies linked to South Africa’s first Black mining tycoon Bridgette Radebe
Beyond her leadership at Mmakau Mining, an avant-garde African mining group, Radebe has played a pivotal role in propelling the growth of various companies.
Son of South Africa’s second-richest man acquires Nigeria’s biggest beverage can maker
Prior to the recent acquisition, the Jonathan Oppenheimer-led firm already held a majority 62.5-percent stake in GZI.
Swazi billionaire Natie Kirsh adds $110 million to his fortune in just 9 days
In addition to his investment in Jetro Holdings, the Swazi billionaire owns a 54-percent stake in publicly traded real estate investment trust, Abacus Property Group.
South African tech tycoon Zak Calisto makes over $30 million in 23 days
This reaffirms his position as one of Africa’s wealthiest technology entrepreneurs — it also highlights Karooooo’s position as a top-performing tech firm.
South Africa’s second-richest man Nicky Oppenheimer gains $750 million in November
Oppenheimer secures 238th spot among world’s richest with a $9.33-billion fortune.
South African executive Ivan Dittrich earns $5.2-million salary from Datatec in 2023
Dittrich also received a long-term incentive award of $4.1 million from Datatec as a result of his dedication to the tech group.