Johann Rupert’s stake in Remgro gains $81.7 million after news of potential Heineken acquisition
Distell, a leading South African brewer, is partly owned by his investment group.
Southern Africa
Access Bank’s acquisition of BancABC Mozambique step to pan-African scale: Group CEO
Access Bank Group also recently acquired Grobank South Africa.
Heineken negotiates to acquire Johann Rupert’s Distell Group
Distell is linked to South African billionaire Johann Rupert.
Tesla has not sold any of its holdings in Bitcoin: Elon Musk
He made the clarification in a recent tweet.
South Africa can become ‘Singapore of Africa’ for healthcare and pharmaceuticals: Patrick Soon-Shiong
He stressed that the continent can do so by expediting the development of next-gen pharmaceuticals.
Zimbabwean billionaire Strive Masiyiwa makes Fortune’s 2021 list of World’s 50 Greatest Leaders
Masiyiwa has made significant contributions to driving connectivity and cashless payments in Africa both before and during the COVID-19 pandemic
Elon Musk loses $25 billion since guest appearance on Saturday Night Live
The drop comes amid a steep 15-percent decline in Tesla’s shares.
South African mogul Adrian Gore sells off massive number of shares in Discovery Limited
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
Elon Musk says Tesla has suspended vehicle purchases using Bitcoin
Tesla will be looking at other, more sustainable cryptocurrencies.
JSE appoints former MTN boss Phuthuma Nhleko as independent non-executive director
Nhleko will serve as a member of the remuneration, nominations and deal Committees.
Zimbabwean lobbying group appoints diamond mogul Martin Boka consulting adviser
Boka is the son of one of the country’s most prolific black empowerment advocates.
Strive Masiyiwa’s Distributed Power Africa terminates power lease deal with Nyanza Light Metals
The contract was terminated due to delays in constructing a solar power plant.
Billionaire CAF President Patrice Motsepe donates $10 million to develop school football
The donation was made through the Motsepe Foundation.
Prince Misuzulu named Zulu king amid tension, government withdraws security
The newly appointed king was whisked out of the royal palace for safety concerns.
Elon Musk’s SpaceX receives over 500,000 preorders for Starlink Internet
The project will provide global broadband Internet access to remote places.