Christo Wiese-linked retailer Steinhoff loses $271.7 million on news of debt maturity extension
Wiese is a South African billionaire and retail tycoon.
Southern Africa
Meet South African entrepreneur who sold part of her restaurant chain to Famous Brands
Monzeglio’s passion for cooking and healthy eating inspired her to start catering vegan meals for clients after she left her job.
Led by South African tycoon Shameel Joosub, Vodacom completes Vodafone Egypt acquisition
Joosub said the deal represents an important milestone for Vodacom Group.
South African billionaire Stephen Saad’s Aspen secures $30 million grant to make vaccines
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
360 UHNWIs lose billionaire status in 2022, Switzerland’s biggest bank says
According to the group, there were 2,668 dollar billionaires in 2022, 87 fewer than a year earlier.
Meet Mike Heyink, South African entrepreneur who raised $23 million for his startup this year
Heyink worked as a private equity analyst at Metier before co-founding Yellow in 2018 with Maya Stewart.
South African billionaire Michiel Le Roux’s Capitec hires 1,642 new workers in six months
Le Roux co-founded Capitec Bank in 1999 with Jannie Mouton and Riaan Stassen.
July Ndlovu-led Thungela expects full-year earnings to surpass $800 million in 2022
Ndlovu’s 0.74-percent stake in Thungela Resources is valued at $17 million.
South African billionaire Christo Wiese-linked Shoprite to open 275 new stores
Wiese owns 11.58 percent of the leading retail group.
Patrice Motsepe-linked TymeBank finalizes $86.8-million acquisition of Retail Capital
ARC Financial Services Holding, a company founded by Motsepe, owns a stake in TymeBank.
South African billionaire Johann Rupert’s net worth nears $11 billion
Rupert’s net worth has risen from $8.5 billion on Nov. 3 to $10.8 billion at the time of writing.
Retail tycoon Ramachandran Ottapathu’s Choppies lays off 826 workers in Botswana in 2022
Choppies Enterprises is Botswana’s largest retail chain.
Mike Teke’s firm Seriti leads charge in South Africa’s green energy transition
Teke, CEO of Seriti Resources, said the deal will facilitate the decarbonization of South Africa’s energy grid.
Patrice Motsepe-linked SIH combines with Absa to create one of South Africa’s largest asset managers
SIH is Sanlam’s third-party asset management company.
Global police agency Interpol confirms red notice for Angolan billionaire Isabel dos Santos
According to Forbes magazine, dos Santos was once Africa’s richest woman.
South African mogul Neal Froneman-led Sibanye to spend $616 million on Finland lithium project
Froneman holds a 0.074-percent stake in Sibanye-Stillwater.