Sibanye narrows loss to $211 million in H1 2025 under Neal Froneman
Sibanye Stillwater narrows H1 2025 loss to $211 million under CEO Neal Froneman, showing signs of recovery amid weak metal markets and operational restructuring.
Southern Africa
Accelerate Property Fund, partly owned by Michael Georgiou, sells two Gauteng shopping centers
Accelerate Property Fund sells Buzz and Waterford Centers for $12.2 million to reduce debt, improve liquidity.
French billionaire’s firm Canal+ moves forward with $2.9 billion MultiChoice deal
The approval clears one of the last regulatory hurdles, allowing Canal+ to proceed with its mandatory offer to minority shareholders.
South African billionaire Patrice Motsepe drives Harmony Gold to $4.1 billion revenue
Harmony Gold, led by Patrice Motsepe, posts $4.07 billion revenue and $824 million profit as higher prices offset weaker output.
South African mogul Jannie Moolman’s Moolman Group starts work on Prince Buthelezi Mall
Moolman Group begins work on Prince Buthelezi Mall, a multi-million-dollar retail hub in Empangeni, KwaZulu-Natal.
Prosus, led by South African billionaire Koos Bekker, in talks to invest $200 million in Rapido
Prosus, led by Koos Bekker, is in talks to invest $200 million in Indian ride-hailing firm Rapido, valuing it above $2.5 billion.
South African billionaire Johann Rupert’s Richemont brings Panerai’s first boutique to Stuttgart
Richemont, led by Johann Rupert, opens Panerai’s first Stuttgart boutique, expanding in Europe as Specialist Watchmakers find stability amid global headwinds.
South African brothers, Brett and Mark Levy, lead Blue Label Telecoms to $140 million profit
Blue Label Telecoms, led by Brett and Mark Levy, posts $140.6 million profit as Cell C turnaround and digital growth drive headline earnings surge.
Shoprite, backed by billionaire Christo Wiese, opens 16 new stores across South Africa
Shoprite, backed by billionaire Christo Wiese, opens 16 new stores across South Africa, creating 358 jobs and boosting local economies.
South Africa’s Saltzman family stake in Dis-Chem rebounds to nearly $500 million
The Saltzman family’s stake in Dis-Chem has rebounded to nearly $500 million as shares rally on the Johannesburg Stock Exchange (JSE).
Jannie Mouton offers $400 million to turn South Africa’s largest private school network into nonprofit
Jannie Mouton’s trust offers $400 million for Curro, paving its JSE exit, while steering South Africa’s largest private school network into nonprofit status.
Sim Tshabalala leads $1 billion Standard Bank pledge for women entrepreneurs in Africa
Standard Bank commits $1 billion to empower women entrepreneurs across Africa through the African Women Impact Fund.
South African executive Laurence Rapp-led Vukile Property Fund raises $28.4 million in bonds
Vukile Property Fund raises $28.4 million through bonds, cutting debt costs and boosting its retail portfolio in South Africa and Iberia.
South African businessman Des de Beer to receive $5.2 million from Lighthouse
Des de Beer will receive $5.2 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
Sasol, led by Simon Baloyi, works to protect $80 million in chemical exports from U.S. tariffs
Sasol faces $80 million U.S. tariff impact but posts higher profits, cuts impairments, and plans strategic growth under Simon Baloyi.
Remgro, owned by South Africa’s richest man Johann Rupert, wins approval for eMedia restructuring
Johann Rupert’s Remgro gets Competition Commission approval for eMedia Holdings to acquire full control of eMedia Investments.