Vodacom settles with ‘Please Call Me’ inventor Nkosana Makate after $1.5-billion standoff
Vodacom confirmed that its board approved the agreement on Nov. 4 and said the financial impact will be reflected in its half-year results due Nov. 10.
Southern Africa
South African tycoon Khudusela Pitje’s GX Capital lands $43 million from Standard Bank
New GX Capital secures $43 million from Standard Bank to scale renewable power, storage, water and gas projects.
Sergio Tati’s Anda gets $3.5 million to transform Angola’s motorcycle transport
Angolan startup Anda, co-founded by entrepreneur Sergio Tati, raised €3 million ($3.5 million) to formalize and finance the country’s motorcycle taxis.
South African billionaire Johann Rupert loses $800 million as Richemont faces EU fine, market slump
South African billionaire Johann Rupert’s fortune drops by $800 million as Richemont faces an EU antitrust fine and cooling luxury demand.
Christo Wiese-linked Pepkor completes $98.2 million purchase of Retailability brands
Pepkor, linked to Christo Wiese, completes $98.2 million acquisition of Retailability brands, expanding across Southern Africa.
8 businesses owned by South African multimillionaire Iqbal Survé
South African entrepreneur Dr Iqbal Survé turned a tiny seed-capital investment into a sprawling holding company that spans media, technology, fishing, healthcare and events
Zimbabwean businessman Lovemore Kurotwi loses $3.6 million court battle
Zimbabwean businessman Lovemore Kurotwi loses Supreme Court appeal over $3.6 million Canadile Miners funds.
Sim Tshabalala-led Standard Bank expands in Angola, eyes global markets
Standard Bank secures JPMorgan approval in Angola, boosting cross-border trade access and expanding global reach.
South African tycoon Stephen Saad’s Aspen stake loses $18 million
Stephen Saad’s Aspen stake drops $18 million as shares fall 5.45% in 16 days, deepening losses for South Africa’s largest drugmaker.
South African tycoon Stephen Saad’s Aspen wins $29 million settlement
Stephen Saad’s Aspen wins $29 million settlement in mRNA production dispute, boosting investor confidence after a tough fiscal year.
Fairvest, co-founded by Darren Wilder, acquires two South African malls for $39 million
Fairvest buys Jozini and Tugela Ferry malls for $39 million, boosting its South African retail portfolio.
Datatec CEO Jens Montanana to pocket $4.3 million dividend
JSE-listed Datatec lifted its interim dividend to R1.75 a share after headline earnings more than doubled, with Westcon and Logicalis driving margin gains and a swing to net cash.
South African billionaire Mark Shuttleworth rules out Canonical IPO
Open-source infrastructure house Canonical has the financial base for a public listing, but founder and CEO Mark Shuttleworth says the timing is wrong.
Oppenheimer family is South Africa’s top declared political donor
The Oppenheimer family has become the biggest source of declared private funding in South African politics, steering more than R200 million to six parties since disclosures began in 2021.
Zimbabwean billionaire Strive Masiyiwa's net worth bounces back to $1.3 billion
Strive Masiyiwa regains $100 million in two weeks, lifting his net worth to $1.3 billion as Cassava Technologies expands its AI and data footprint.
South African billionaire Saltzman family’s Dis-Chem posts $1.2 billion half-year revenue
Dis-Chem Pharmacies, backed by South Africa’s billionaire Saltzman family, posted $1.2 billion revenue in H1 2025, driven by retail and wholesale growth.