Patrice Motsepe’s Sanlam plans strategic acquisitions to strengthen its Africa operations
Sanlam seeks to acquire Alexander Forbes and an additional 22.8-percent stake worth R2 billion in Saham Assurance Maroc.
Southern Africa
German state-owned bank fined for Angolan loan linked to Isabel dos Santos’ beer company
KfW-Ipex-Bank is an import-export bank and a subsidiary of Kreditanstalt fur Wiederaufbau.
South African billionaire Quinton van der Burgh launches coffee table book to give back to charity
The book features John Russo’s photographs of celebrities, including Dwayne “The Rock” Johnson.
Andries van Rensburg’s Libstar Holdings records 27.8-percent decline in half-year earnings
Libstar’s earnings during the period were impacted by unfavourable foreign currency movements.
Namibian tycoon Quinton van Rooyen loses $187.2 million in 2021 as Trustco shares decline
Trustco shares on the Namibia Stock Exchange have now lost more than two-thirds of their value.
South African retail tycoon Christo Wiese earns $122.6 million in 70 days from Shoprite
Renewed buying interest in the shares of the retail giant led to a double-digit increase in its share price.
Oscar Pierre’s Glovo announces $60-million Africa expansion plan
The company has already invested €25 million in its existing African operations.
Ten African billionaires worth knowing aside from the ‘Big Four’
For too long, four big names have dominated the list of Africa’s wealthiest men.
Marc Holtzman-led BK Group posts 41.5-percent growth in net profit for H1 2021
The bank has attributed the shift to increased interest and non-interest income.
Demola Sogunle-led Stanbic reports 50-percent decline in mid-year profits for 2021
The holding revealed that its mid-year profit in 2021 slumped by 50 percent to $54.7 million.
South African tycoon Patrice Motsepe to pocket $126.2-million dividend from ARM
The dividend will be paid from ARM’s earnings at the end of its 2021 financial year.
Mining tycoon Patrice Motsepe’s ARM records 136-percent growth in headline earnings for 2021
The group announced that it will pay a final dividend of $1.40 per share, resulting in a total annual dividend of $2.10 per share.
Ten female moguls redefining the role of women on the African media scene
In the 1980s-1990s, only a handful of women were visible on Africa’s media scene. Now things have changed.
Controversial billionaire Kudakwashe Tagwirei takes backseat in new $2.5-billion plan in Zimbabwe
Zimbabwe will partner local and international bankers to create its largest financial services company.
The 10 South African golfers with the highest earnings
Golf has found a place to stay on the African continent, with South Africa taking the lead.
South African billionaire Michiel Le Roux earns $274.8 million as Capitec shares rebound
Capitec Bank is a leading South African bank and one of the largest lenders in the country.