South African mogul Christo Wiese-linked Pepkor acquires controlling stake in Brazilian retailer
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.
Southern Africa
South African tycoon Mohammed Akoojee’s Imperial Logistics acquires stake in Ascendis Pharma
The transaction marks another milestone for Imperial’s healthcare business.
South Africa’s second-richest man Nicky Oppenheimer gains more than $180 million in January 2022
The rise comes off the back of a revaluation of his assets held through Stockdale Street and Tana Africa Capital.
Mining mogul Neal Froneman’s Sibanye-Stillwater buys out Amplats’ 50-percent stake in South African mine
The Froneman-led mining group will take full ownership of the low-cost, mechanized Kroondal operation
Namibian tycoon Quinton van Rooyen’s Trustco Group suffers over $64.6 million in losses in 2021
It is the second year in a row that the diversified investment holding has posted losses.
Key trends of African givers: Philanthropy is making its mark
Philanthropic practices in Africa have evolved through time and continue to shift.
Christo Wiese-linked retailer Steinhoff looks to sell stake in Pepkor Group in move to offload $11-billion debt burden
Pepco Group is a fast-growing, multi-format, pan-European discount variety retailer.
South African billionaire Patrice Motsepe’s ARM acquires Bokoni mine for $334 million
ARM will invest $334 million per year in the development of the mine to get it up and running.
Pieter Engelbrecht-led Shoprite posts $5.59 billion in revenue in H1 2022
The retailer’s market capitalization on the Johannesburg Stock Exchange is $7.8 billion.
Saltzman family of South Africa sells warehouse facilities to Dis-Chem for $14.2 million
Dis-Chem Pharmacies is a leading pharmacy retail and healthcare group based in South Africa.
Zimbabwe’s richest man Strive Masiyiwa joins Gates Foundation as board member
The Gates Foundation has given out more than $60 billion in grants since its inception 21 years ago.
Christo Wiese-linked retailer Steinhoff receives approval for $1.6-billion global settlement for investors
The retail behemoth was founded in 1964 by German billionaire Bruno Ewald Steinhoff.
Mohammed Akoojee’s Imperial Logistics partners with UbiPharm to create Africa’s largest healthcare distribution network
Akoojee owns 0.19 percent of Imperial Logistics, a leading logistics company.
South African businessman Neal Froneman’s Sibanye-Stillwater cancels $1 billion deal to take over mines in Brazil
Sibanye-Stillwater is the world’s largest primary producer of platinum.
Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa
The leading businessman purchased the 28-hectare farm for between $5.5 million and $7.9 million.
African philanthropy’s response to the COVID-19 pandemic
Although COVID-19 blind-sighted the world, the philanthropic response of African donors was nothing short of inspiring.