JP Morgan strengthens position in South Africa with $150.8 million Bidcorp stake
JP Morgan raises stake in Bidcorp by 1.92 percent, signaling confidence in South Africa's food service sector.
Southern Africa
South African billionaire loses $112 million as US targets Tencent in Chinese military blacklist
His 0.76% stake in Prosus dropped $73 million, while his 0.93% stake in Naspers lost $39.6 million.
Capitec shuts accounts of Zimbabwean exemption permit holders, raising concerns
Capitec Bank's decision to close the accounts of Zimbabwean Exemption Permit holders has sparked widespread concern, complicating the financial stability of thousands amidst ongoing legal uncertainty.
Sasol faces worst annual drop amid scrutiny of emissions strategy
Sasol's stock plummets by 56 percent in 2024 as the company faces mounting pressure over its environmental strategy and heavy reliance on coal.
Zimbabwe's Innscor commits $3.9 million to CSR projects in 2024
Innscor Africa’s $3.9 million CSR drives education, healthcare, and community growth, impacting thousands across Zimbabwe in 2024.
South Africa's richest person adds $138 million to net worth in first week of 2025
This recent surge brings his wealth closer to crossing the $14-billion mark—a milestone last achieved in October 2024.
Trustco wins shareholder approval for $25 million stake in Legal Shield Holdings
The deal, which marks a major move for Trustco, will proceed as planned, with all conditions either met or waived.
Accelerate in talks to sell Cape Town’s tallest building, four other properties
These properties were reclassified from investment properties to non-current assets held for sale in Accelerate's recent financial results.
South African executive Gary Nagle sees $3.2 million decline in Glencore shares in 2024
The steep decline underscores the challenges confronting Glencore and its investors as the company grapples with market volatility and shifting global demand.
ArcelorMittal South Africa to wind down Longs steel division, impacting 3,500 jobs
ArcelorMittal South Africa to close longs steel unit, impacting 3,500 jobs amid rising imports and high costs.
Motsepe’s stake in Tyme soars to $600 million following record funding round
Tyme, which operates in Africa and Southeast Asia, in December raised $250 million in its Series D capital raise, pushing its valuation to $1.5 billion.
Barry Stuhler's Resilient gets $57.1 million boost from Ninety One
Ninety-One acquires a 5% stake in Resilient REIT, signaling confidence in South Africa’s real estate investment sector.
South African tycoon Adrian Gore earns $1.7 million salary from Discovery in 2024
Discovery CEO and Co-founder Adrian Gore’s 2024 compensation package comprises a secure base pay of $448,843 and a performance-based short-term incentive of $565,687.
Mangwana Capital aids Invictus Energy in $10 million raise for Zimbabwe's energy shift
This investment solidifies Mangwana Capital’s pivotal role in advancing Zimbabwe's energy sector and supports Invictus Energy's growth plans.
South African executive Anton De Bruyn pockets $1.7 million from Shoprite in 2024
This represents a 55.47 percent increase from his 2023 remuneration, reflecting both his contributions and the group's strong financial performance.
MTN finalizes sale of Guinea operations, strengthening strategic focus
MTN’s sale of its Guinea-Conakry operations underscores the company’s commitment to optimizing its portfolio.