Businessman Piet Mouton gains $125 million in 32 days as Capitec shares surge to all-time high
Capitec is South Africa’s largest lender by number of customers.
Southern Africa
Patrice Motsepe-linked TymeBank launches new subsidiary in Philippines
The move comes after the bank received a digital banking license from the Philippines Central Bank.
South African CEO Mark Blair takes home $1.26 million, sees bump in earnings from Mr Price Group
Mr Price Group is a listed retail company in South Africa.
Phuthuma Nhleko exits MTN International Advisory Board
Nhleko served as a member of the IAB since its inception in 2019.
Strive Masiyiwa’s Econet Wireless records 77-percent increase in data volumes in Q1 2021
The publicly traded company made the disclosure in a trading update for the quarter, ending May 31.
Thandi Orleyn-led Implats expects 2021 financial year to close on strong note as HEPS grows
The platinum miner expects basic and headline earnings per share to grow by more than 20 percent.
South African multimillionaire Johan Burger earns $5.33 million as FirstRand shares soar
Shares in Africa’s largest bank by market capitalization have been on the rise since the start of the year.
Self-made millionaire, politician Hakainde Hichilema declared winner in Zambian presidential election
Hichilema has been declared the president-elect, with only one constituency left to be counted.
South African tycoon Koos Bekker loses $86.58 million in six days as investors sell off Naspers shares
Naspers is a global Internet group and one of the largest technology investors in the world.
New report reveals exclusive deal between Zimbabwe and U.S.-sanctioned businessman Kudakwashe Tagwirei
Tagwirei is a controversial businessman who was sanctioned by the United States in August 2020.
Fleetwood Grobler-led Sasol posts $715.41 million in profit as chemicals and crude oil prices surge
The result displays the group’s ability to bounce back from losses suffered during the previous financial year.
Meet the 17 Black billionaires in the world in 2021
There are 2,755 billionaires in the world today. Only 17 are Black.
July Ndlovu’s Thungela Resources declares solid interim dividend
The news comes after its successful listing on the Johannesburg Stock Exchange and London Stock Exchange on June 7.
South Africa’s second-richest man Nicky Oppenheimer loses $200 million in 41 days
This translates to an average loss of $4.88 million per day for the billionaire since July 2.
H1 dividend beats pre-COVID-19 era, says Daniel Pretorius’ Master Drilling
Profits for H1 2021 performed better than in the six months ending June 2019.
Nombasa Tsengwa-led Exxaro Resources anticipates 111-percent rise in interim HEPS
The rise in the company’s earnings is attributed to increased equity-accounted income from Sishen Iron Ore.