South African billionaire Motsepe pockets $32.5 million ARM dividend
Billionaire Patrice Motsepe will earn R574.8M ($32.5M) in dividends from ARM despite a sharp earnings drop at his mining group.
Southern Africa
Patrice Motsepe’s African Rainbow Minerals posts 47% profit drop, trims payout
African Rainbow Minerals’ profit slumped 47% as weaker iron ore prices and Bokoni losses offset gains in manganese; dividend reduced to R6 a share.
Sanlam, backed by Patrice Motsepe, posts $654 million profit in H1 2025
Sanlam, backed by Patrice Motsepe, lifted H1 profit 6.9% to $654 million on gains from life, general insurance and investment management units.
Sale of Noluthando Gosa-linked ArcelorMittal SA to IDC stalls over valuation
ArcelorMittal SA, linked to businesswoman Noluthando Gosa, risks closure of its long steel division and 3,500 jobs as IDC sale talks falter over valuation.
South African tycoon Stephen Saad’s Aspen Pharmacare swings to $61.4 million loss in 2025
Aspen Pharmacare reports $61.34 million loss as revenue falls 3 percent, driven by restructuring and manufacturing challenges.
Anglo, led by South Africa’s Duncan Wanblad, to exit platinum business in $2.7 billion deal
The move marks the final chapter in Anglo’s century-long history in the precious metal.
South Africa’s Saltzman-backed Dis-Chem opens 300th store in Mbombela
Dis-Chem, backed by South Africa’s Saltzman family, has opened its 300th store in Mbombela, expanding access to affordable primary healthcare.
Zimbabwean executive Never Mhlanga arrested in $5 million Montclair Hotel fraud case
Zimbabwean executive Never Mhlanga arrested over $5 million Montclair Hotel and Casino sale fraud allegations in Harare.
Anglo, led by South Africa’s Duncan Wanblad, hits Brazil probe over $500 million nickel sale
Brazil reviews Anglo American’s $500 million nickel deal with MMG, raising scrutiny on Duncan Wanblad’s strategy and China’s role in minerals.
South African pharma tycoon Gus Attridge loses $15.8 million on Aspen stake
Aspen co-founder Gus Attridge loses $15.8 million in three weeks as drug stocks fall, cutting Aspen’s value below $2.6 billion.
Paratus, led by Schalk Erasmus, rolls out Namibia’s first private mobile network
Paratus, led by Schalk Erasmus, invests $34M to launch Namibia’s first private LTE and 5G network, connecting 50 towns and 80 communities.
Shoprite, backed by Christo Wiese, flags Mozambique review amid record sales
Shoprite, backed by billionaire Christo Wiese, is weighing Mozambique operations as it posts record sales and profit in South Africa.
Prosus, South African billionaire Koos Bekker, backs $12.5 million round for Arabic speech startup
Prosus, chaired by Koos Bekker, led a $12.5 million Series A in Intella, backing Arabic-first AI tools for enterprises across MENA.
Invicta, backed by South African billionaire Christo Wiese, buys UK’s Spaldings Group for $16 million
Invicta Holdings, led by Christo Wiese, buys Spaldings Group for $16 million to strengthen its U.K. and European presence.
RCL, backed by South African billionaire Johann Rupert, posts $1.5 billion revenue
RCL Foods, backed by Johann Rupert, reports modest revenue growth with baking gains and steady groceries in 2025.
South African executive Gerald Van Wyk leads AfroCentric to $238 million revenue in H1 2025
AfroCentric reports $238 million revenue for H1 2025, driven by services growth despite weaker retail performance.