Led by South African tycoon Aisha Pandor, SweepSouth buys out Egyptian Filkhedma
SweepSouth is fondly referred to as the Uber of cleaning services.
Southern Africa
Swazi billionaire Natie Kirsh gains $1.7 billion since start of year
One of Africa’s richest men, Nathan Kirsh holds the majority of his investments through his family-owned Kirsh Group.
Pharma tycoon Stephen Saad gains $38 million as Aspen moves to produce COVID-19 vaccines
The gains came in under 24 hours, as investors positively assessed his pharma company’s deal with J&J.
Mauritian businessman Arnaud Dalais loses $2.66 million in 34 days as CIEL Limited shares fall
CIEL is a Mauritian conglomerate with active operations and investments in over 10 emerging and developing economies.
South African billionaire Patrice Motsepe gains $224 million in three weeks as ARM shares soar
ARM is a leading South African diversified minerals company.
Aisha Cassam Timol’s CIM Finance acquires fellow Mauritius-based Tsusho Capital
CFSL is a non-deposit-taking financial services holding listed on the Stock Exchange of Mauritius.
South African tycoon Stephen Brookes loses $74.2 million in month as Balwin Properties shares slump by 18 percent
Brookes, who founded the company in 1996, is the largest shareholder with a 36.08-percent stake.
South African billionaire Johann Rupert’s Remgro Limited set to list on A2X markets in 2022
Remgro is a diversified investment holding established in the 1940s by the late Dr. Anton Rupert.
Pieter Engelbrecht-led Shoprite Holdings forms JV with leading logistics company RTT Group
The JV is part of a broader move by Shoprite to strengthen its e-commerce delivery capabilities in the retail segment.
South African billionaire Christo Wiese acquires new stake in Shoprite worth $25.8 million
The former chairman of the Johannesburg-based retailer purchased 20,000 single stock futures contracts.
UK-based firm set to acquire stake in Johann Rupert-linked logistics company in $77.9-million deal
Rupert’s Grindrod Shipping is a global shipping company dual-listed on NASDAQ and the Johannesburg Stock Exchange.
South Africa’s five richest men and how they made their money
South Africa is home to the second-highest number of billionaires in Africa.
Anthony Masunga-led Botswana Telecommunications Corporation expects bump in half-year pre-tax profits
Through its operations, BTC offers fixed, mobile and broadband services to consumers, enterprises and other licensed service providers.
South African billionaire Johann Rupert gains $400 million in five days
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
Mauritian financial powerhouse AfrAsia Bank appoints Malachy McAllister as new CEO
McAllister is a veteran banker with an enviable track record of strategic leadership and cognate experience that spans more than three decades.
U.S. sanctions Angolan businesswoman Isabel dos Santos for involvement in corruption
U.S. Secretary of State Antony Blinken said the sanction was imposed for significant corruption.