South Africa’s top insurer increases stake in Morocco’s SAHAM Assurance Maroc
South Africa’s largest insurer is acquiring an additional 22.8-percent stake in Morrocco’s SAHAM Assurance Maroc.
Southern Africa
Zulu kingdom loses queen regent barely a month after her appointment
The Zulu Royal Family of South Africa has announced the untimely death of Queen Mantfombi Dlamini Zulu.
Mutumwa Mawere may lose his R2-million luxury apartment in South Africa
A failed loan repayment to Absa Bank has put the Zimbabwean tycoon into a financial bind.
Nigerian Energy tycoon Benedict Peters to settle mining dispute between Zimbabwe and Amari Platinum
Bravura Zimbabwe (Pvt) Ltd. will offset a $15-million debt that Zimbabwe owes Amari Holdings Ltd.
Elon Musk drops on world’s richest list after fatal Tesla car crash
A Tesla crash has led to Elon Musk dropping to the number-three spot on the list of the world’s richest men.
South African tycoon Rob Hersov announces plans to build world-class airport in Cape Town
South African tycoon Rob Hersov plans to build a world-class airport in Cape Town.
Exiled mogul Mutumwa Mawere seeks redress over 17-year rent losses in Zimbabwe
Exiled Zimbabwean mogul Mutumwa Mawere is seeking redress over 17 years of rent losses in Harare.
After king’s death, Zulu royals postpone appointing official heir
Queen Mantfombi Dlamini Zulu will govern the AmaZulu Kingdom in the meanwhile.
Elon Musk’s Neuralink makes waves with latest monkey demonstration
Neuralink’s brain implant allows the macaque monkey to play Ping Pong with his mind.
Sisa Ngebulana’s Rebosis in talks with potential savior investor amid bankruptcy fears
Rebosis, a real estate investment firm owned by South African businessman Sisa Ngebulana, is searching for a savior investor.
Lesotho frustrates tycoon Sam Matekane’s Sesiu Solidarity Fund initiative to procure COVID-19 vaccines
Government officials in Lesotho are frustrating a private sector initiative to procure COVID-19 vaccines.
Tanzanian billionaire Mohammed Dewji becomes advisor to South African President Ramaphosa
South African President Cyril Ramaphosa has appointed Mo Dewji to his Investment Advisory Council.
Isabel dos Santos cries foul against Angolan government
Isabel dos Santos is taking Angolan President Joao Lourenco to court in London.
Elon Musk nominated as board member at U.S. entertainment giant
Endeavor has nominated Elon Musk to join its board in an IPO filed with the U.S. Security Exchange Commission on March 31.
Patrice Motsepe’s TymeBank signs up 3-millionth customer
Billionaire mining tycoon Patrice Motsepe has shown the diversity of his business savvy with TymeBank.
Adrian Gore’s Discovery Limited ready for next phase of COVID-19 vaccination in South Africa
More than 13 million people need to be vaccinated during the second phase of the vaccination roll-out in South Africa.