South African tycoon Anna Mokgokong has bought Warmbaths and five other resorts
Benus, an investment company tied to Anna Mokgokong's Community Investment Holdings, has completed its acquisition of Forever Resorts.
Southern Africa
South African tycoon Japie van Niekerk buys a mall nobody else wanted in the Kalahari
New Africa Developments has completed its purchase of Kalahari Mall in Upington, its first asset in the Northern Cape, after Tribunal approval.
Glencore's $2 billion Singapore fight hits Glasenberg's 10% stake
Glencore says its former partner sent banks falsified invoices and fabricated emails. That partner is suing for $2 billion. The company has already provisioned $480 million, one of its largest trading losses as a public company and Ivan Glasenberg owns a tenth of it.
South African billionaire Patrice Motsepe's Harmony Gold has lost eight workers this year
A Harmony Gold employee died at Mponeng on Sept. 14 after a seismic event, the eighth on-duty death across the group this year.
Botswana tycoon Ramachandran Ottapathu wins approval to buy Engen but must sell 67 stations
Botswana's competition authority approved Ramachandran Ottapathu's purchase of 70% of Engen Botswana, on condition he sells 67 filling stations.
Shoprite CEO Pieter Engelbrecht gets $2.2m of $7m share pool
Thirteen executives at Africa's largest grocer have been handed R115 million in shares. The chief executive took nearly a third. The finance chief took part of his through his wife, and moved another R11.5 million of stock into a family trust.
Indian billionaire Satyanarayan Nuwal's Solar buys South Africa's Omnia for $1.4 billion
Solar Industries has agreed to buy Omnia Holdings at 134.5 rand a share, a 14.3% premium, in a deal valuing the JSE-listed group at $1.4 billion.
South African billionaire Stephen Saad's DNI to spend $130 million buying telecoms assets
DN Invest, whose owners include Aspen Pharmacare's Stephen Saad, will spend $130 million buying into four technology companies as it targets doubling a group already generating $744 million in annual revenue.
Billionaire Patrice Motsepe's Kropz to cut staff at $160m phosphate mine
Patrice Motsepe has put about $160 million into a phosphate mine outside Cape Town since 2018. It never reliably produced. Now Kropz is cutting its own staff, letting the mining contract lapse, and mothballing most of the plant.
South African tycoon Sello Moloko went from teaching maths to a multi-million-dollar investment group
Sello Moloko taught school on R180 a month before building Thesele Group into an investment company spanning finance, cars, water and power.
South African billionaire Sandile Zungu loses the SAFA presidency by 157 votes to 82
Sandile Zungu lost the South African Football Association presidency to Danny Jordaan at the elective congress in Midrand on Saturday.
South African tycoon Don Ncube was Anglo's first black director and now drills for gas
Don Ncube holds 16.35% of Kinetiko Energy, a stake worth about $6.9 million, built from licences the South African state had no form to issue.
South African billionaire Johann Rupert's Remgro expects earnings to rise as much as 47%
Remgro, chaired by South Africa's Johann Rupert, expects headline earnings per share to rise between 37% and 47% for the year to June.
Zambia presses Indian billionaire Anil Agarwal's Vedanta to fund power for its copper mine
Zambia's president has urged Anil Agarwal's Vedanta to accelerate power investment to support its copper expansion at Konkola Copper Mines.
Mary Vilakazi takes FirstRand out of Britain after £548 million hit
FirstRand has classified its entire UK business as held for sale and taken a £547.8 million charge for motor finance redress. Group profit fell for the first time in six years, though the South African operations that remain grew earnings 13 percent.
South African tycoon Stephen Saad's Aspen pulls out of making the HIV prevention shot
Aspen has withdrawn from South Africa's plan to make Gilead's HIV prevention injection locally, with Stephen Saad citing the absence of purchase guarantees.