South Africa-based businessman Loucas Pouroulis’ Tharisa Plc takes control of Zimbabwe’s Karo platinum project
The Pouroulis-led mining group increased its stake in Karo from 26.8 percent to 66.3 percent in an all-share deal worth $27 million.
Southern Africa
Angolan businessman Alvaro Sobrinho resolves to pay deposit of $6.64 million with four properties
Sobrinho has been accused of stealing more than €350 million ($387 million) from BES Angola (now Banco Economico).
Strive Masiyiwa’s Liquid Intelligent acquires fiber pair on Google’s Equiano subsea cable
Liquid Intelligent Technologies is a pan-African technology group.
South African entrepreneur Lexi Monzeglio’s Lexi’s Healthy Eatery completes deal to sell stake to Famous Brands
Monzeglio founded Lexi’s Healthy Eatery in 2018.
South African financial services group, Absa Group, appoints Arrie Rautenbach as CEO
Rautenbach has been with Absa since 1997.
The lionesses leading the pride
Here is a snippet of some of the modern-day queens who have pioneered male-dominated industries.
South African tech mogul Zak Calisto loses $285 million in 85 days
Calisto owns a 75-percent stake in the Singapore-based technology firm.
South African billionaire Nicky Oppenheimer’s net worth surpasses $8.8 billion
Oppenheimer’s net worth has increased by 10.7 percent since the start of the year.
Namibian mogul Koos Brandt records $19-million boost to his net worth from stake in Capricorn Group
Brandt is the holding’s largest individual shareholder.
Zimbabwean restaurant mogul Zed Koudounaris eyes Kenyan expansion for Simbisa brands
His 18.41-percent stake in the company is worth $60.4 million.
Angolan tycoon Carlos Manuel de Sao Vicente sentenced to nine years over graft
He has been sentenced to nine years in jail by a local court for embezzlement.
Qatari-backed fund acquires luxury Cape Town hotel from John Moxon’s Meikles
Meikles Limited, a conglomerate controlled by Moxon, has sold off The Cape Grace at the V&A Waterfront.
Richemont, controlled by billionaire Johann Rupert, sells off 20-percent stake in Greubel Forsey
Greubel Forsey, which was founded in 2004, manufactures very complicated timepieces.
South African businessman Mfundo Nkuhlu receives salary of $1.9 million from Nedbank in 2021
Nkuhlu owns a beneficial 0.043-percent stake in Nedbank, valued at $3.29 million.
Botswana-based businessman Jonathan Gibson’s stake in Chobe Holdings now worth $20.4 million
Gibson holds a substantial 35.6-percent interest in the group.
July Ndlovu-led Thungela recovers from deficits; earnings exceed $440 million in 2021
Thungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal.