South African businessman Piet Mouton gains over $75 million in 29 days from stake in Capitec Bank
The gain in Mouton’s stake can be linked to double-digit growth in the share price of the South African lender.
Southern Africa
Strive Masiyiwa’s Liquid Intelligent Technologies partners with IFC to boost digital infrastructure in Africa
The partnership is expected to drive universal and affordable broadband access across the continent.
South African billionaire Patrice Motsepe’s ARC moves to buy, delist CSG Holdings
CSG offers staffing solutions, facilities management and personnel and industrial support in South Africa.
Johann Rupert’s Richemont gains 2.4 percent in single day as investors react to hedge fund taking equity position
The U.S. hedge fund Third Point Management owns a 1.2-percent stake in the Swiss company.
Ramachandran Ottapathu’s Choppies posts profit for first time since 2016, earnings surge above $5 million
Choppies Enterprises Limited is a Botswana-based investment holding company operating in the retail sector in Southern Africa.
Mark Blair-led Mr Price expects half-year earnings to jump by 30 percent thanks to strong retail trading operations
Although retail companies saw their income drop in 2020, a fast recovery is expected for market leaders like Mr Price.
John Moxon’s Meikles reports 89.3-percent drop in earnings for 2021, while revenues grow by three percent
Meikles is a Zimbabwe-based company with a diverse portfolio of investments.
South African exec Duncan Wanblad to pocket at least $1.71 million as new Anglo American CEO
His total salary package as the new CEO is expected to be significantly higher.
Saltzman family’s Dis-Chem Pharmacies resumes dividend payment, owners to pocket $10.8 million
Dis-Chem Pharmacies is a leading pharmacy retail and healthcare group based in South Africa.
Telecom magnate Strive Masiyiwa’s Liquid partners with Orange to improve connectivity in Africa
Liquid will gain access to Orange’s West African infrastructure, particularly Djoliba.
South African billionaire Nicky Oppenheimer gains $220 million in October
At his current wealth valuation, Oppenheimer is ranked the 332nd richest man in the world.
Jens Montanana’s Datatec to pay shareholders $70 million in special dividend after Westcon loan repayment
Datatec is a South Africa-based ICT solutions and services group operating in more than 50 countries.
South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
South African billionaire Stephen Saad receives $1.6-million salary package from Aspen
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Nigerian magnate Austin Avuru’s Seplat Energy rebounds from loss as revenue surges above $460 million
Seplat Energy is a leader on the Nigerian equity market and in the country’s energy sector.
Johann Rupert’s Digital Realty joint venture acquires Nigeria’s Medallion Communications
Digital Realty is a U.S.-based real estate investment trust that invests in carrier-neutral data centers.