Botswana real estate tycoon Gulaam Abdoola to earn $672,000 from stake in Turnstar Holdings
Turnstar is a property loan stock company listed on the Botswana Stock Exchange since 2002.
Southern Africa
Patrice Motsepe, Sanlam in talks to acquire Absa Group’s asset management arm
The deal would create one of South Africa’s biggest lenders.
Kirsan Ilyumzhinov: The charismatic Buddhist tycoon speaks on Africa
The Russian businessman, politician and chess chief says Africa is the “future of human civilization.”
Mandela foundation launches $80,000 Äänit Prize to support projects with positive punch in Africa
The prize will go to projects that have a high potential for impact.
Strive Masiyiwa criticizes Serum Institute of India for interrupting COVAX Initiative
The Zimbabwean billionaire is upset with the institute’s plans to extend its pause on COVID-19 vaccine exports.
Johann Rupert’s stake in Remgro gains $81.7 million after news of potential Heineken acquisition
Distell, a leading South African brewer, is partly owned by his investment group.
Access Bank’s acquisition of BancABC Mozambique step to pan-African scale: Group CEO
Access Bank Group also recently acquired Grobank South Africa.
Heineken negotiates to acquire Johann Rupert’s Distell Group
Distell is linked to South African billionaire Johann Rupert.
Tesla has not sold any of its holdings in Bitcoin: Elon Musk
He made the clarification in a recent tweet.
South Africa can become ‘Singapore of Africa’ for healthcare and pharmaceuticals: Patrick Soon-Shiong
He stressed that the continent can do so by expediting the development of next-gen pharmaceuticals.
Zimbabwean billionaire Strive Masiyiwa makes Fortune’s 2021 list of World’s 50 Greatest Leaders
Masiyiwa has made significant contributions to driving connectivity and cashless payments in Africa both before and during the COVID-19 pandemic
Elon Musk loses $25 billion since guest appearance on Saturday Night Live
The drop comes amid a steep 15-percent decline in Tesla’s shares.
South African mogul Adrian Gore sells off massive number of shares in Discovery Limited
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
Elon Musk says Tesla has suspended vehicle purchases using Bitcoin
Tesla will be looking at other, more sustainable cryptocurrencies.
JSE appoints former MTN boss Phuthuma Nhleko as independent non-executive director
Nhleko will serve as a member of the remuneration, nominations and deal Committees.