South African businessman Jonathan Jawno gains $15.8 million as shares in Transaction Capital surge
Transaction Capital is a South Africa-based financial services group that specializes in asset-backed lending.
Southern Africa
Swazi billionaire Natie Kirsh loses $260 million in one week
Kirsh saw his net worth surge to a record $8.35 billion on Jan. 4, $1.89-billion higher than one year ago.
Christo Wiese-linked retailer Steinhoff to list mattress firm on New York Stock Exchange
Founded in 1964, Steinhoff operates retailing activities in more than 30 countries.
Zimbabwean tycoon John Moxon’s Tanganda Tea Company reschedules listing for February
Tanganda Tea Company is Zimbabwe’s largest distributor of bulk and packaged tea.
Alexander Forbes appoints South African executive Ann Leepile as investments division CEO
Leepile’s appointment as CEO of Alexander Forbes Investments will be effective as of Feb. 1.
South African tycoon Noluthando Gosa gains $6.7 million from stake in ArcelorMittal South Africa
Gosa is a leading business executive and CEO of Akhona Group, a 100-percent Black privately held investment holding.
Zimbabwean tycoon Kudakwashe Tagwirei loses lucrative e-passport deal
CBZ Bank had earlier bagged a deal that would see it pocket $20 for every e-passport application in Zimbabwe.
Namibian tycoon Quinton van Rooyen gains $29 million in first week of 2022
The gains will provide a cushion of sorts to the $190-million loss in his net worth in 2021.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.
South African tycoon Piet Mouton gains $32.7 million from Capitec Bank first week of 2022
Capitec is one of South Africa’s largest lenders by number of customers.
South African executive Alan Pullinger acquires additional stake in FirstRand worth $1.84 million in 2021
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
Zimbabwe’s richest man Strive Masyiwa gains $10.3 million in first five days of 2022
The gains come off of a surge in the market value of his stake in Cassava Smartech.
Billionaire Patrice Motsepe’s Sanlam fails to increase stake in Said Alj-led Saham Assurance Maroc
Sanlam backed down from its ambitious pan-African expansion drive after failing to meet key conditions.
Canadian software company Volaris acquires majority stake in Sbu Shabalala’s Adapt IT
Volaris acquired a 63.87-percent stake in Adapt IT.
Jailed Angolan tycoon Carlos Sao Vicente continues fight for freedom
Vicente was once a prominent figure in Angola’s oil industry.
Christo Wiese’s Invicta moves to acquire UK-based spare parts distributor, KMP Holdings, in $17-million deal
Invicta said it will acquire 100 percent of the issued share capital and shareholder loans payable by KMP Holdings.