Founder of Africa’s largest pharma company Stephen Saad earns $94.68 million in 38 days
Shares in his Aspen Pharmacare Holdings are surging to record highs.
Southern Africa
Russian billionaire Igor Rybakov on business, life and transforming education worldwide
A man of many labels, Rybakov is the original renaissance man. And he’s as interesting as they come.
Neal Froneman’s Sibanye-Stillwater says mid-year profit to increase by 168 percent to $1.69 billion
The group expects its mid-year profit to be around $1.69 billion.
Mike Brown’s Nedbank expects mid-year earnings to more than double
The leading South African bank made the disclosure in a voluntary trading update on the Johannesburg bourse.
Sipho Maseko-led Telkom SA posts $745.47-million Q1 revenue as mobile subscribers grow
Compared with the previous year’s figure, the group’s revenue grew by 3.5 percent.
Steve Phiri-led Royal Bafokeng Platinum declares $104.9-million record interim dividend
Cash increased year-on-year by $202.9 million to close on June 30 at $254 million.
Zimbabwean mogul John Moxon earns $2.47 million as Meikles shares surge to all-time high
Moxon is the company’s single largest individual shareholder, with 27,806,808 issued shares.
Johann Rupert’s net worth surges by $590 million in 14 days Richemont’s sales rise
Data retrieved from Bloomberg revealed that his net worth has risen from $9.61 billion to $10.30 billion.
Neal Froneman’s Sibanye-Stillwater increases stake in global battery sector with Eramet SA deal
This follows Sibanye’s purchase of a 30-percent stake in the Finnish lithium hydroxide project Keliber in February.
Former partner challenges City of Harare for awarding ‘$2 billion’ in property to tycoon Ken Sharpe
George Katsimberis has challenged the city for awarding the land to Sharpe’s Augur Investments.
Ackerman family loses $71.5 million in 12 days as Pick n Pay shares fall to 20-week low
Shares in the retailer on the Johannesburg bourse have lost more than one-eighth of their value since May 31.
Netherlands court orders Isabel dos Santos to hand over Galp shares worth $500 million to Angola
The court found dos Santos guilty of exploiting Angola’s oil wealth.
John Borshoff’s Deep Yellow to cancel 1.54 million shares due to unmet criteria
According to a notification on the Johannesburg Stock Exchange, the share buy-back program will occur on Aug. 13.
South African businessman Christoffel Wiese suffers $22.7-million loss as Tradehold shares tumble
The multimillion-dollar loss came off the back of a double-digit plunge in the share price of Tradehold.
Why South Africa’s Brenthurst Wealth walked away from Sec 12J Investments
The curtain falling on Section 12J funds signals the end of a contentious era in the country’s investment industry.
Andile Abner Ngcaba’s Convergence Partners raises $250 million for Africa expansion
Convergence Partners focuses on enhancing Sub-Saharan Africa’s technology sector.