Jack Bowles’ British American Tobacco commits to net-zero carbon emission by 2050
This will bring its sustainability targets in line with limiting global warming to 1.5C.
Southern Africa
How sanctioned Zimbabwean billionaire Kudakwashe Tagwirei keeps earning incredible cash
They call him “Queen Bee” because of his sprawling business empire.
French billionaire Vincent Bollore considers selling African assets
According to the French newspaper Le Monde, Morgan Stanley has been engaged to search for potential buyers.
Botswana real estate mogul Gulaam Abdoola loses $5 million in nearly 10 months as Turnstar shares decline by double digits
Turnstar is a property loan stock company headquartered in Gaborone, the capital city of Botswana.
Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles
The World Gold Council created the principles to address critical environmental, social and governance issues.
Zak Calisto’s Karooooo posts $15.71 million in profit in H1 2022, 12-percent lower than previous year’s figures
Karooooo is an SaaS platform that provides real-time data analytics solutions for smart transportation.
Vuyo Ntoi-led AIIM secures $370 million in capital to boost access to clean energy
The capital raise exceeded the investment manager’s initial $301-million target by 20 percent.
Coca-Cola Co. eyes $8.1-billion valuation in Philipp Gutsche-led Coca-Cola Beverages Africa 2022 IPO
Although talks are still ongoing, investor appetite and market conditions will determine the final timing and size of the listing.
South Africa’s wealthiest man Johann Rupert gains $510 million in 14 days after $270-million loss in September
Rupert’s net worth since the start of October has risen from $9.07 billion to $9.58 billion.
Gold production update from Blanket Mine boosts stock of Steve Curtis’ Caledonia Mining Corporation
The uptick in the company’s stock rode on the news of gold production from the Blanket Mine in Zimbabwe.
Patrice Motsepe-backed South African stock exchange company expects to break even in 2023
The value of stocks and funds on A2X Market more than doubled to $336 billion in the past 12 months.
Bob van Dijk’s Naspers-Prosus cross-deal boosts volume of M&A transactions in Sub-Saharan Africa
The value of M&A transactions in 2021 is over four times the amount recorded in the same period last year.
Christo Wiese’s Invicta Holdings acquires controlling stake in Dartcom for $33 million
Dartcom is Africa’s leading distributor of communication and renewable energy technology solutions.
South African businessman Hendrik Jordaan’s 1K1V acquires $13.5-million stake in DigiCo
DiGiCo is an investment holding providing integrated technology services to the telecom sector.
Google CEO Sundar Pichai announces plans to invest $50 million in African startups
He made the announcement while speaking at a virtual event on Oct. 7.
Billionaire Patrice Motsepe’s Sanlam finalizes deal to create massive South African money manager
The company’s merger with Absa Investments will result in one of the country’s largest Black-owned asset managers.