Sanctioned billionaire Kudakwashe Tagwirei allegedly made $24 million in corrupt deals off Zimbabwe
Over the years, the billionaire has used the wealth of an entire nation to build a vast business empire.
Southern Africa
South Africa’s second richest man Nicky Oppenheimer earns $150 million in 16 days
The gains translate to an average profit of $9.375 million daily for the billionaire investor.
Market capitalization of Adonis Pouroulis’ Chariot is on the rise
Its market capitalization has gained $7.33 million after raising $16.5 million by issuing new ordinary shares.
Global lenders team up with Stephen Saad’s Aspen on $711-million COVID-19 vaccine deal
The consortium hopes to help Africa avoid continued hoarding of COVID-19 vaccines by developed countries.
Swazi billionaire Nathan Kirsch’s Skyscraper Tower 42 doubles in value
In December 2011, Kirsch Group paid £238 million to acquire the 42-story building and surrounding units.
South African real estate moguls Martin Slabbert and Victor Semionov see stakes gain $21.099 million
The gains can be attributed to the recent surge in the company’s shares back to pre-pandemic levels.
Gary Sharp’s crocodile-skin supplier, Padenga Holdings, eyes listing on Victoria Falls Exchange
The new bourse was established in October 2020 and trades solely in U.S. dollars.
South African billionaire Johann Rupert loses $440 million in June
The decline followed a drop in the value of his stakes in Reinet Investment and Remgro Limited.
Douglas Stevenson-led Cell C seeks bailout from RMB and Investec
Cell C is South Africa’s fourth-largest mobile phone operator.
Namibia’s Tromp family to earn $467,194 in dividends from Nictus Holdings
The diversified investment holding operates the General Motors franchise in Namibia.
Rio Tinto CEO Jakob Stausholm pauses South Africa operations due to safety concerns
Last month, an employee at the company’s mine in South Africa was shot dead on his way to work.
Controversial South African mining mogul Mandla Lamba embarks on expansion with Agilitee Africa
Agilitee Africa has recently expanded into Zimbabwe and Eswatini.
Discovery losses $708.87 million after founders Adrian Gore and Barry Swartzberg sell off shares
Earlier, the founders sold off close to $4.86 million of their shares in the diversified multinational financial service group.
Air Liquide acquires world’s largest oxygen producer; CEO Benoit Potier says ‘key milestone’
Sasol is the world’s largest oxygen producer located in Secunda, South Africa.
Stake of billionaire banker Michiel Le Roux in Capitec Bank earns $263.41 million in 85 days
The shares of the leading South African lender have increased by more than 20 percent since April 1.
Mining veteran David Brown quits as CEO of Zimbabwe’s state-controlled Kuvimba Mining House
The move could jeopardize the company’s future.