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.
Southern Africa
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.
Glencore, led by South African executive Gary Nagle, plans $13.5 billion copper expansion in Argentina
Glencore plans to inject $9.5 billion into developing El Pachón in San Juan province and $4 billion into the Agua Rica project in Catamarca over the next decade.
South African-born real estate mogul Barry Stuhler to receive $2 million from Lighthouse
Barry Stuhler will receive $2.04 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
South Africa’s second-richest man, Nicky Oppenheimer, now worth $13 billion
South Africa’s Nicky Oppenheimer grows his fortune to $13 billion, driven by private investments.
Zimbabwean executive Ralph Mupita leads MTN to $6 billion revenue in H1 2025
MTN Group grows to 298 million users, reports $6 billion revenue, with data, fintech, and Nigeria-Ghana markets leading gains.
Dominic Sewela led-Barloworld’s $1.3 billion buyout wins final nod from tribunal
South Africa’s Competition Tribunal approves Barloworld’s $1.3 billion buyout, protecting jobs and expanding Black ownership as the group prepares to delist.
South African billionaire Patrice Motsepe’s ARM to buy $3.3 million Canadian copper stake
ARM boosts copper exposure with a $3.3 million Surge Copper stake, giving Patrice Motsepe’s group nearly 20 percent ownership.
Zimbabwean executive, Ralph Mupita’s MTN shares now valued at $11.2 million
MTN CEO Ralph Mupita’s stake rises to $11.2 million in 2025, reflecting strong company growth and his leadership impact across Africa.
South Africa’s richest man Johann Rupert loses $1.8 billion in recent weeks
Johann Rupert’s net worth falls $1.8 billion as Richemont shares drop, despite strong luxury jewelry sales and $8.6 billion cash reserves.
South African banker Sim Tshabalala to end 14-year run as Standard Bank CEO in 2027
The announcement comes even as the Johannesburg-based bank raised its executive retirement age from 60 to 63 in line with global corporate trends.
South African tycoon Cobus Stofberg's Naspers stake now worth $120 million
Cobus Stofberg’s stake in Naspers surged to $123 million in 2025 as the tech giant’s market value climbed above $54 billion.
Noluthando Gosa-linked ArcelorMittal SA faces crucial decision on South African mill
The Department of Trade, Industry, and Competition (DTIC) and the state-owned Industrial Development Corp. (IDC) are exploring options to keep the plant operational.
Indian-born Gupta brothers’ Johannesburg homes sell for $2 million
Gupta brothers’ Johannesburg homes sold for $2 million, 47 percent below their $3.64 million valuation, as part of a business rescue plan.
South African billionaire Christo Wiese-backed Pepkor wins approval for $108 million purchase
Pepkor has received approval to acquire five Retailability brands in a $108.1 million deal, expanding its presence in the adultwear market.
South African businessman Christopher Seabrooke’s Sabvest stake falls below $100 million
Christopher Seabrooke’s Sabvest stake slips to $84 million as shares fall 14.55 percent since mid-June.