South African billionaire Johann Rupert’s Richemont to open new Hong Kong store
South African billionaire Johann Rupert’s Richemont brings Vhernier to Asia with a new Hong Kong boutique.
Southern Africa
Bitumen World, backed by Zimbabwe's Rudland family, cuts jobs as cash flow tightens
Bitumen World, backed by Zimbabwe’s Rudlands, cuts jobs as delayed government payments and cash flow pressures strain the construction firm’s operations.
South African tycoon Giovanni Ravazzotti to receive $41-million from Italtile dividend
Giovanni Ravazzotti to receive $41.65 million from Italtile’s $73.71 million special dividend for 2025.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Strive Masiyiwa expands Econet’s 5G network with 60 new sites in Zimbabwe
Strive Masiyiwa’s Econet expands 5G with 60 new sites, boosting coverage, digital services, and shareholder returns in Zimbabwe.
Mike Teke backs $1.1 million education program for vulnerable children in South Africa
Mike Teke’s Seriti Trust invests $1.1 million in early learning centers, boosting education access and skills for vulnerable children in mining regions.
Zimbabwean tycoon Ken Sharpe criticizes Harare fees after $4 billion project launch
Zimbabwean tycoon Ken Sharpe urges reforms after unveiling Pomona City, a $4 billion WestProp development in Harare.
South African pharma tycoon Stephen Saad loses $44 million from Aspen stake
Aspen Pharmacare shares slide 33 percent, cutting Stephen Saad’s stake by $44 million amid global pharma pressures.
South African billionaire Koos Bekker-led Prosus plans stake sales to raise $2 billion
Prosus targets $2 billion from asset sales as CEO Fabricio Bloisi sharpens focus on e-commerce and lifestyle platforms.
South African executive Kenny Fihla drives Absa’s retail and pan-African expansion plans
Kenny Fihla leads Absa’s retail revamp, driving digital banking growth and pan-African expansion with strong first-half 2025 results.
Namibian tycoon Knowledge Katti owns stake in Sintana Energy worth $11-million
Katti’s place on Sintana’s board and his multimillion-dollar stake tie him directly to Namibia’s rising oil ambitions.
Anglo, led by South Africa’s Duncan Wanblad, loses $3.8 billion coal deal
Peabody cancels $3.8 billion Anglo coal deal after mine fire; Anglo plans arbitration as H1 revenue falls to $8.95 billion.
PIC buys $40 million stake in South African tycoon Des de Beer’s Resilient
PIC raised its Resilient REIT stake by $40.6 million to 20.02 percent, underscoring confidence in Des de Beer’s retail property group.
South African tycoon Mike Teke’s Seriti secures $295 million for Mpumalanga wind project
Seriti Green secures $295 million for a major wind project in Mpumalanga, expanding clean power and creating 800 jobs.
Zimbabwe’s richest man, Strive Masiyiwa, gains $100 million amid AI factory rollout
Strive Masiyiwa regains $100 million, raising his net worth to $1.3 billion amid Africa’s first AI factory rollout with NVIDIA.
Motsepe-backed Harmony Gold gets clearance for $1-billion copper deal
Patrice Motsepe’s Harmony-backed mining giant gets green light to buy Australian copper company in $1-billion deal.