Christo Wiese-linked retailer Steinhoff receives approval for $1.6-billion global settlement for investors
The retail behemoth was founded in 1964 by German billionaire Bruno Ewald Steinhoff.
Southern Africa
Mohammed Akoojee’s Imperial Logistics partners with UbiPharm to create Africa’s largest healthcare distribution network
Akoojee owns 0.19 percent of Imperial Logistics, a leading logistics company.
South African businessman Neal Froneman’s Sibanye-Stillwater cancels $1 billion deal to take over mines in Brazil
Sibanye-Stillwater is the world’s largest primary producer of platinum.
Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa
The leading businessman purchased the 28-hectare farm for between $5.5 million and $7.9 million.
African philanthropy’s response to the COVID-19 pandemic
Although COVID-19 blind-sighted the world, the philanthropic response of African donors was nothing short of inspiring.
Mauritian businessman Pierre Guy Noel’s stake in MCB Group is now worth $9.7 million
MCB Group is a financial services holding headquartered in Port Louis, the capital city of Mauritius.
Vox Royalty to acquire $8.3-million royalties from Neal Froneman’s Sibanye-Stillwater PGM project
The royalties will collectively cover the entire Limpopo PGM Project, operated by Sibanye-Stillwater.
Africa’s second-richest man Johann Rupert gains $400 million as investors react to Richemont’s sales
The Swiss luxury goods firm reported revenues of $6.42 billion in the three months between October and December 2021.
Capitec CFO Andre Du Plessis’ shareholding in bank now worth $120.4 million
Du Plessis, a co-founder and the outgoing CFO of the South African bank, has a beneficial 0.008-percent ownership in the company.
Zak Calisto’s Karooooo posts $24.9 million as profit in 9M 2022, 3.9-percent lower than last year’s figures
Karooooo is a major international provider of smart transportation management and analytics.
Zimbabwean businessman Zinona Koudounaris loses over $3.8 million in single day from stake in Axia Corp
Koudounaris holds a governance role in Axia and controls a 20.86-percent stake in the Zimbabwe-based firm.
South African-born billionaire Patrick Soon-Shiong launches Africa’s first COVID-19 vaccine plant
NantSA has launched a plant in South Africa that will produce up to 1 billion COVID-19 vaccines yearly by 2025.
Billionaire Johann Rupert’s Richemont reports double-digit surge in Q3 sales above $6.4 billion
The revenue posted in the third quarter of Richemont’s current financial period represents a 32-percent increase.
South African businessman Shameel Joosub: Vodacom acquisition in Egypt will drive transition from telco to tech-co
Joosub holds a beneficial 0.1-percent stake valued at $13.5 million in Vodacom.
African billionaire heirs are making their mark in philanthropy
The progeny of some of Africas’s wealthiest people are putting in more of their time to giving and impacting.
Led by Aisha Cassam Timol, CIM prepares to list 17 million shares worth $3.65 million under employee scheme
CFSL is a non-deposit-taking financial services holding.