Thungela lists on JSE, LSE; CEO July Ndlovu lauds company’s value for developing world
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.
Southern Africa
Zimbabwean businessman John Thomas Moxon’s stake in Meikles gains $4.1 million in 152 days
Meikles has a diverse portfolio of investments in hospitality, retail, supermarkets and financial services.
South African billionaire Stephen Saad’s stake in Aspen Pharmacare gains $168.9 million
Aspen is a global multinational pharmaceutical company.
British billionaire Fred Done beats out Mary Slack-Oppenheimer to acquire Betting World in South Africa
Done’s Betfred now has a controlling stake in struggling company.
South African investor Martin Slabbert sells $135.36 million in properties in East Sussex and Scotland
Slabbert’s MAS Real Estate is a leading South African property investor listed on the JSE.
Energy magnate Adonis Pouroulis acquires Mauritius-based Africa Energy Management Platform
Pouroulis is the CEO of Chariot Oil & Gas.
Zimbabwe issues ultimatum to billionaire Alexander Machkevitch’s ERG
Eurasian Resources Group (ERG) is on the verge of losing its concessions in the country.
South African mining tycoon Neal Froneman criticizes government’s attitude toward sector
The Sibanye-Stillwater CEO took issue with South Africa’s sluggish stance on attaining carbon neutrality.
South Africa’s wealthiest man Johann Rupert sees net worth rise by $2.05 billion
The gains were due to a rise in the share price of Compagnie Financiere Richemont and Distell Group.
South Africa’s World Sports Betting acquires iDiski Media: Group CEO Warren Tannous
The company will leverage iDiski’s wider reach within the South African market.
Zimbabwean mogul Strive Masiyiwa’s stake in Econet Wireless soars by $61 million
The value of his shares has increased by 183.05 percent since the start of the year.
South African diamond billionaire Nicky Oppenheimer’s net worth rises by $630 million
His net worth has climbed as high as $7.78 billion recently.
South African billionaire Michiel Le Roux’s stake in Capitec Bank soars as shares surge on local bourse
The star banker’s ownership stake has surged by about $250 million since April 13.
South African billionaire Johann Rupert’s Sukuma fund to offer $7.18-million loan to local restaurants
The fund aims to help restaurants that suffered due to COVID-19.
NBA, Nigerian energy mogul Tunde Folawiyo gear up to launch $1-billion NBA Africa
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.
South African billionaire Koos Bekker loses $111.1 million as Naspers’ shares decline
The drop occurred after its Dutch subsidiary Prosus announced plans to acquire Naspers shares.