South African tycoon Robert Gumede wins reprieve for Tongaat Hulett as Durban court delays liquidation bid
Robert Gumede's Vision Sugar Group won court breathing room on April 17 to finalize a rescue plan for Tongaat Hulett, staving off liquidation.
Southern Africa
Elon Musk just brought Tesla robotaxis to Dallas and Houston. The market he is targeting is worth $1 trillion
Elon Musk has launched Tesla robotaxis in Dallas and Houston, expanding to four US cities as analysts peg the autonomous ridesharing market at over $1 trillion.
Patrice Motsepe's African Rainbow Capital cleared of $195 million liability in Tanzania graphite lawsuit
Patrice Motsepe's African Rainbow Capital has been cleared by the Gauteng High Court of liability in a $195 million damages claim by US-based Pula Group.
South African-born tycoon Gary Lubner eyes $1 billion windfall in glass repair giant Belron IPO
South African-born Gary Lubner, former Belron chief executive and major Labour donor, stands to pocket close to $1 billion if the Autoglass parent lists in Amsterdam.
Johann Rupert's Richemont converts €100 million debt to equity to prop up Belgian handbag maker Delvaux
Johann Rupert's Richemont has converted €100.6 million of debt into equity at Delvaux, the world's oldest luxury leather goods house, as the Belgian brand's Asian revenue slump drives accumulated losses toward €80 million.
Glencore and Patrice Motsepe's ARM overturn SARS diesel refund ruling on appeal
Ivan Glasenberg's Glencore and Patrice Motsepe's ARM have won a Supreme Court of Appeal ruling reversing a SARS diesel refund decision with wide implications for mining joint ventures.
Koos Bekker's Prosus sells Delivery Hero stake to Uber for $290 million under EU pressure
Naspers unit Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about $290 million, cutting its holding to comply with European Union regulatory conditions.
Strive Masiyiwa's Econet lifts Zimbabwe's dollar bourse past 132-year-old rival
Strive Masiyiwa's $1 billion Econet InfraCo listing has helped Zimbabwe's Victoria Falls Stock Exchange overtake the 132-year-old Zimbabwe Stock Exchange by market value.
Astron Energy hits 700 forecourts in South African fuel push
Ivan Glasenberg's Glencore-backed Astron Energy has hit 700 rebranded forecourts in South Africa, pushing it toward the top tier of the country's retail fuel market.
South African billionaire Patrice Motsepe's ARC wins ruling in $195m Tanzania graphite lawsuit
The Gauteng High Court has ruled that Patrice Motsepe's African Rainbow Capital cannot be sued for $195 million by US firm Pula Group over an alleged breach of a confidentiality agreement tied to a Tanzanian graphite project, handing Motsepe a significant but partial legal victory.
Koos Bekker's Naspers completes pivot from tech investor to global AI operator
Koos Bekker's Naspers has declared its transformation into a global AI operator complete, with the Toqan platform rolling out to 5 million Prosus partners.
Elon Musk's Starlink faces a $11.57 billion challenge as Amazon buys Globalstar
Elon Musk's Starlink has long led the satellite internet race. Amazon's $11.57 billion Globalstar acquisition signals the gap is about to get smaller.
Strive Masiyiwa unveils $1 billion Econet Tech City to drive Zimbabwe industrialization
Strive Masiyiwa has unveiled plans for Econet Tech City, a $1 billion industrial hub on an 800-acre site near Harare's main airport. Body
Elon Musk alleges bribery in South Africa as Starlink fight over telecom rules intensifies
Elon Musk has alleged bribery and race-based discrimination in South Africa's telecom rules, saying Starlink has been unable to secure a license to operate.
Ghanaian tycoon Joseph Siaw Agyepong's Zoomlion seals waste management deal with Zimbabwe's Geo Pomona
Zoomlion Ghana and Zimbabwe's Geo Pomona have signed a memorandum of understanding to share waste management technology and improve sanitation across Zimbabwe.
Jannie Durand sells R33.6 million in Remgro shares as Rupert's investment group discloses executive vesting round
Remgro's executive team, led by CEO Jannie Durand, has sold R52 million in shares under the Rupert-controlled group's conditional vesting plan.