South African retail tycoon Christo Wiese earns $122.6 million in 70 days from Shoprite
Renewed buying interest in the shares of the retail giant led to a double-digit increase in its share price.
Southern Africa
Oscar Pierre’s Glovo announces $60-million Africa expansion plan
The company has already invested €25 million in its existing African operations.
Ten African billionaires worth knowing aside from the ‘Big Four’
For too long, four big names have dominated the list of Africa’s wealthiest men.
Marc Holtzman-led BK Group posts 41.5-percent growth in net profit for H1 2021
The bank has attributed the shift to increased interest and non-interest income.
Demola Sogunle-led Stanbic reports 50-percent decline in mid-year profits for 2021
The holding revealed that its mid-year profit in 2021 slumped by 50 percent to $54.7 million.
South African tycoon Patrice Motsepe to pocket $126.2-million dividend from ARM
The dividend will be paid from ARM’s earnings at the end of its 2021 financial year.
Mining tycoon Patrice Motsepe’s ARM records 136-percent growth in headline earnings for 2021
The group announced that it will pay a final dividend of $1.40 per share, resulting in a total annual dividend of $2.10 per share.
Ten female moguls redefining the role of women on the African media scene
In the 1980s-1990s, only a handful of women were visible on Africa’s media scene. Now things have changed.
Controversial billionaire Kudakwashe Tagwirei takes backseat in new $2.5-billion plan in Zimbabwe
Zimbabwe will partner local and international bankers to create its largest financial services company.
The 10 South African golfers with the highest earnings
Golf has found a place to stay on the African continent, with South Africa taking the lead.
South African billionaire Michiel Le Roux earns $274.8 million as Capitec shares rebound
Capitec Bank is a leading South African bank and one of the largest lenders in the country.
South African billionaire Johann Rupert’s wealth soars by $210 million in four days
This takes his total gains this year to more than $1.5 billion.
Mercia Geises-led Standard Bank Namibia posts $13.2-million mid-year profit
The company’s earnings fell by 16.5 percent compared to 2020.
South African pharma tycoon Stephen Saad seeks license for J&J COVID-19 vaccine
His company, Aspen Pharmacare, is a multinational South African holding.
Halted J&J vaccine shipment from South Africa to Europe will be returned: Zimbabwean tycoon Strive Masiyiwa
The batch of COVID-19 vaccines was produced by Aspen Pharmaceuticals and shipped from South Africa.
Retail tycoon Mark Lamberti’s Massmart moves to withdraw 14 Game stores from East and West Africa
The withdrawal comes as part of a strategic move to focus on its primary market.