Mark Blair-led Mr Price expects half-year earnings to jump by 30 percent thanks to strong retail trading operations
Although retail companies saw their income drop in 2020, a fast recovery is expected for market leaders like Mr Price.
Southern Africa
John Moxon’s Meikles reports 89.3-percent drop in earnings for 2021, while revenues grow by three percent
Meikles is a Zimbabwe-based company with a diverse portfolio of investments.
South African exec Duncan Wanblad to pocket at least $1.71 million as new Anglo American CEO
His total salary package as the new CEO is expected to be significantly higher.
Saltzman family’s Dis-Chem Pharmacies resumes dividend payment, owners to pocket $10.8 million
Dis-Chem Pharmacies is a leading pharmacy retail and healthcare group based in South Africa.
Telecom magnate Strive Masiyiwa’s Liquid partners with Orange to improve connectivity in Africa
Liquid will gain access to Orange’s West African infrastructure, particularly Djoliba.
South African billionaire Nicky Oppenheimer gains $220 million in October
At his current wealth valuation, Oppenheimer is ranked the 332nd richest man in the world.
Jens Montanana’s Datatec to pay shareholders $70 million in special dividend after Westcon loan repayment
Datatec is a South Africa-based ICT solutions and services group operating in more than 50 countries.
South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
South African billionaire Stephen Saad receives $1.6-million salary package from Aspen
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Nigerian magnate Austin Avuru’s Seplat Energy rebounds from loss as revenue surges above $460 million
Seplat Energy is a leader on the Nigerian equity market and in the country’s energy sector.
Johann Rupert’s Digital Realty joint venture acquires Nigeria’s Medallion Communications
Digital Realty is a U.S.-based real estate investment trust that invests in carrier-neutral data centers.
Tullow Oil names South African businessman Phuthuma Nhleko as chairman-designate
Tullow Oil is a London-based multinational oil and gas exploration company with operations in Africa.
Botswana businessman Gulaam Abdoola’s Turnstar Holdings reports $5.23 million in profits in H1 2022
Turnstar Holdings is a property loan stock group headquartered in Gaborone, the capital city of Botswana.
Mokwena Morulane-led Minergy Limited suffers $9.5-million loss in 2021
However, figures contained in its 2021 annual report revealed that revenue soared by almost 140 percent.
South African executive Neal Froneman’s Sibanye-Stillwater to acquire two mines in Brazil in $1-billion deal
Sibanye-Stillwater is the world’s largest primary producer of platinum, second-largest producer of palladium and third largest producer of gold.
South African businessman Stephen Brookes to pocket $857,100 in interim dividends from Balwin Properties
Balwin is a residential property developer of large-scale estates for South Africa’s low-to-middle-income population.