South African billionaire Nicky Oppenheimer gains $220 million in October
At his current wealth valuation, Oppenheimer is ranked the 332nd richest man in the world.
Southern Africa
Jens Montanana’s Datatec to pay shareholders $70 million in special dividend after Westcon loan repayment
Datatec is a South Africa-based ICT solutions and services group operating in more than 50 countries.
South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
South African billionaire Stephen Saad receives $1.6-million salary package from Aspen
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Nigerian magnate Austin Avuru’s Seplat Energy rebounds from loss as revenue surges above $460 million
Seplat Energy is a leader on the Nigerian equity market and in the country’s energy sector.
Johann Rupert’s Digital Realty joint venture acquires Nigeria’s Medallion Communications
Digital Realty is a U.S.-based real estate investment trust that invests in carrier-neutral data centers.
Tullow Oil names South African businessman Phuthuma Nhleko as chairman-designate
Tullow Oil is a London-based multinational oil and gas exploration company with operations in Africa.
Botswana businessman Gulaam Abdoola’s Turnstar Holdings reports $5.23 million in profits in H1 2022
Turnstar Holdings is a property loan stock group headquartered in Gaborone, the capital city of Botswana.
Mokwena Morulane-led Minergy Limited suffers $9.5-million loss in 2021
However, figures contained in its 2021 annual report revealed that revenue soared by almost 140 percent.
South African executive Neal Froneman’s Sibanye-Stillwater to acquire two mines in Brazil in $1-billion deal
Sibanye-Stillwater is the world’s largest primary producer of platinum, second-largest producer of palladium and third largest producer of gold.
South African businessman Stephen Brookes to pocket $857,100 in interim dividends from Balwin Properties
Balwin is a residential property developer of large-scale estates for South Africa’s low-to-middle-income population.
Zimbabwean businessman Paddy Zhanda sells shares in Masimba Holdings worth $572,320
Masimba Holdings is a well-established group in Zimbabwe, providing engineering and infrastructure solutions.
Pharma tycoon Stephen Saad’s Aspen sells six product lines to Swiss pharmaceutical company
Aspen is a multinational holding for pharmaceutical interests and the largest drug company in Africa.
Led by affluent Ackerman family, Pick n Pay posts $20 million in half-year profit as headline earnings surge
However, the retailer’s financial performance was materially impacted by civil unrest in South Africa.
Stephen Brookes’ Balwin Properties posts $8.1 million in mid-year profit as apartment sales recover in South Africa
The South Africa-based property developer delivered double-digit growth in earnings.
Namibian tycoon Koos Brandt to pocket $2.48 million in dividends from Capricorn Group
Capricorn Group is a financial services group with an operational footprint in Botswana and Zambia.