Zimbabwe issues ultimatum to billionaire Alexander Machkevitch’s ERG
Eurasian Resources Group (ERG) is on the verge of losing its concessions in the country.
Southern Africa
South African mining tycoon Neal Froneman criticizes government’s attitude toward sector
The Sibanye-Stillwater CEO took issue with South Africa’s sluggish stance on attaining carbon neutrality.
South Africa’s wealthiest man Johann Rupert sees net worth rise by $2.05 billion
The gains were due to a rise in the share price of Compagnie Financiere Richemont and Distell Group.
South Africa’s World Sports Betting acquires iDiski Media: Group CEO Warren Tannous
The company will leverage iDiski’s wider reach within the South African market.
Zimbabwean mogul Strive Masiyiwa’s stake in Econet Wireless soars by $61 million
The value of his shares has increased by 183.05 percent since the start of the year.
South African diamond billionaire Nicky Oppenheimer’s net worth rises by $630 million
His net worth has climbed as high as $7.78 billion recently.
South African billionaire Michiel Le Roux’s stake in Capitec Bank soars as shares surge on local bourse
The star banker’s ownership stake has surged by about $250 million since April 13.
South African billionaire Johann Rupert’s Sukuma fund to offer $7.18-million loan to local restaurants
The fund aims to help restaurants that suffered due to COVID-19.
NBA, Nigerian energy mogul Tunde Folawiyo gear up to launch $1-billion NBA Africa
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.
South African billionaire Koos Bekker loses $111.1 million as Naspers’ shares decline
The drop occurred after its Dutch subsidiary Prosus announced plans to acquire Naspers shares.
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.
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.