South African property tycoon Sisa Ngebulana to build new housing development in sleepy coastal town
Ngebulana’s Billion Group plans to build a mixed-use affordable housing complex in the East Coast Crossways area in Kwelerha.
Southern Africa
South African mogul Adrian Gore’s Discovery Bank hits 1 million customers two years after launch
Discovery Bank is a subsidiary of Discovery Group, a South African financial services conglomerate.
South African tycoon Johan Burger loses $5.8 million on investment in FirstRand
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
South African billionaire Nicky Oppenheimer loses more than $1.2 million on investment in IDH
However, Oppenheimer’s net worth has risen by $750 million since the start of the year.
South African Ackerman family gains $82 million as Pick n Pay shares soar by double digits
The Ackerman family owns a significant 25.53-percent stake in the leading retailer, totaling 124,677,238 ordinary shares.
South African businessman Alan Pullinger loses $4.35 million from stake in FirstRand
Pullinger owns about 0.1 percent of the leading lender, or 5,634,679 ordinary shares.
Zimbabwean billionaire Strive Masiyiwa’s ADC expands footprint with massive data center facility in South Africa
The news comes a week after ADC announced the construction of a 30-megawatt data center facility in Accra, Ghana.
Billionaire Patrice Motsepe, Agri SA launch projects to drive growth in South Africa’s agro sector
The Motsepe Foundation facilitated $4.4 million in funding for the first two projects.
South African billionaire Johann Rupert’s Remgro looking for equal partnership in possible Mediclinic buyout
The news comes a week after Mediclinic rejected its acquisition bid.
South African billionaire Patrice Motsepe looks to boost clean power generation sevenfold across Africa
The news comes a year after the his energy firm acquired a strategic 40-percent stake in SOLA Group.
Neal Froneman’s Sibanye-Stillwater to restart South African gold operations
The news comes after the group signed a three-year wage agreement with its gold mine workers.
South African businessman Andre Du Plessis loses $14.1 million in nearly two weeks
Du Plessis co-founded Capitec Bank in 2001.
Mediclinic rejects takeover bid by billionaire Johann Rupert’s Remgro and MSC
Remgro and MSC offered about $4.3 billion for Mediclinic, a South African hospital group.
Controversial South African tycoon Hamilton Ndlovu banned from doing business with state
Ndlovu made a fortune through controversial PPE contracts.
Zimbabwean billionaire Strive Masiyiwa’s Africa Data Centers launches massive data center facility in Ghana
ADC is an affiliate of Cassava Technologies.
South African businessman Barry Swartzberg pledges $52 million in shares as security for $12.2-million obligation
Swartzberg is prohibited from selling the pledged shares.