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.
Southern Africa
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.
Stake of Zimbabwean telecom mogul Strive Masiyiwa in Econet surges by $62.34 million so far this year
Econet Wireless Zimbabwe’s share price has risen by 187 percent since January.
Africrypt founders, South African Cajee brothers go missing with $3.6 billion in cryptocurrency
The brothers disappeared shortly after they announced a breach in company operations in April.
Botswana real estate tycoon Gulaam Abdoola’s stake in Turnstar declines by $3.67 million
The massive drop can be linked to the decline of the company’s share price on the Botswana Stock Exchange.
Stake of South Africa’s Ackerman family in Pick ‘n Pay drops by $52.20 million
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.
Aliko Dangote’s cement giant issues $122-million Series-1 fixed rate senior unsecured bonds
The issuance is the first made under its new $731-million (N300 billion) multi-instrument issuance program
Botswana retail tycoon Farouk Ismail’s stake in Choppies declines by $1 million
Choppies’ share price on the Botswana Stock Exchange has lost 9 percent of its value since the start of June.