Gabriel Theron-led cannabis firm Cilo Cybin plans listing on Johannesburg Stock Exchange
The company plans to produce marijuana for sale to consumers globally.
Southern Africa
Africa’s richest men see their net worth increase by $2.19 billion in 2021
The rise in their collective and individual wealth marks a recovery from a sharp decline last year.
Gem Diamonds CEO Clifford Elphick looks to sell troubled Ghagoo mine in Botswana to ‘godfather’ of Irish whiskey
The acquisition will be made through its Okwa JV with Vast Resources (VAST).
Zimbabwean senior executive Ralph Mupita earns $2-million compensation from MTN in 2020
Mupita became president and CEO in September 2020.
Junaid Wahedna launches Islamic fintech platform Wahed in South Africa
Wahed is an online ethical investment platform and the world’s first global robo-advisor.
Businessman Piet Mouton gains $125 million in 32 days as Capitec shares surge to all-time high
Capitec is South Africa’s largest lender by number of customers.
Patrice Motsepe-linked TymeBank launches new subsidiary in Philippines
The move comes after the bank received a digital banking license from the Philippines Central Bank.
South African CEO Mark Blair takes home $1.26 million, sees bump in earnings from Mr Price Group
Mr Price Group is a listed retail company in South Africa.
Phuthuma Nhleko exits MTN International Advisory Board
Nhleko served as a member of the IAB since its inception in 2019.
Strive Masiyiwa’s Econet Wireless records 77-percent increase in data volumes in Q1 2021
The publicly traded company made the disclosure in a trading update for the quarter, ending May 31.
Thandi Orleyn-led Implats expects 2021 financial year to close on strong note as HEPS grows
The platinum miner expects basic and headline earnings per share to grow by more than 20 percent.
South African multimillionaire Johan Burger earns $5.33 million as FirstRand shares soar
Shares in Africa’s largest bank by market capitalization have been on the rise since the start of the year.
Self-made millionaire, politician Hakainde Hichilema declared winner in Zambian presidential election
Hichilema has been declared the president-elect, with only one constituency left to be counted.
South African tycoon Koos Bekker loses $86.58 million in six days as investors sell off Naspers shares
Naspers is a global Internet group and one of the largest technology investors in the world.
New report reveals exclusive deal between Zimbabwe and U.S.-sanctioned businessman Kudakwashe Tagwirei
Tagwirei is a controversial businessman who was sanctioned by the United States in August 2020.
Fleetwood Grobler-led Sasol posts $715.41 million in profit as chemicals and crude oil prices surge
The result displays the group’s ability to bounce back from losses suffered during the previous financial year.