FirstRand to buy $279 million stake in Nigerian-Lebanese tycoon Bassim Haidar’s Optasia
FirstRand to acquire a $279 million stake in Bassim Haidar’s fintech Optasia ahead of its Johannesburg IPO.
Southern Africa
South African businessman Donovan Chimhandamba lands $75 million AfDB funding for titanium firm
South African businessman Donovan Chimhandamba’s Nyanza Light Metals secures $75 million from AfDB to scale titanium processing and boost Africa’s industrial growth.
The CAF Returns to Profit Under Patrice Motsepe’s Leadership
Under Patrice Motsepe, CAF posted a $9.48m profit, boosting prize money as African billionaires deepen their investment in football.
Since 2021, billionaire Patrice Motsepe has bankrolled six SA parties to the tune of $3.5 million
South African billionaire Patrice Motsepe has disclosed R62.5m in donations to six parties since 2021, with the ANC taking the biggest share, filings show.
South African billionaire Koos Bekker-led Prosus to back India's early-stage startups
Koos Bekker’s Prosus partners with Accel to back India’s early-stage startups in AI, energy, and advanced manufacturing.
Harmony Gold, backed by Patrice Motsepe, completes $1.01 billion copper deal in Australia
Harmony Gold, backed by Patrice Motsepe, has completed its $1.01 billion acquisition of Australia’s MAC Copper, expanding into the copper market.
Markus Jooste’s former coastal estate expected to top $5.8 million
A Hermanus coastal estate once owned by Markus Jooste is drawing top bids, expected to exceed $5.8 million.
Zimbabwean billionaire Strive Masiyiwa’s Cassava wins NVIDIA’s investment
Cassava Technologies, backed by billionaire Strive Masiyiwa, secures investment from NVIDIA to boost Africa’s digital and AI growth.
South African tycoon Barry Swartzberg’s Discovery stake rebounds above $330 million
South African businessman Barry Swartzberg’s stake in Discovery rebounds above $330 million as the insurer’s shares surge by 5.27 percent.
Sanlam, backed by Motsepe, expands private market investments in South Africa
Sanlam, backed by billionaire Patrice Motsepe, boosts private market investments to strengthen returns in South Africa.
South African tycoon Christopher Seabrooke gains $8.5 million from Sabvest stake
South African tycoon Christopher Seabrooke’s stake surges by $8 million as Sabvest Capital shares rally on the JSE, lifting his stake above $100 million.
Nigerian-Lebanese tycoon Bassim Haidar’s Optasia targets $1.5 billion valuation in Johannesburg IPO
Optasia, led by Nigerian-Lebanese tycoon Bassim Haidar, plans a Johannesburg IPO targeting a $1.5 billion valuation.
Neville Koopowitz, Discovery’s UK boss, earns nearly $5 million, topping CEO’s pay
Neville Koopowitz, head of Discovery Group’s U.K. unit, earned almost $5 million in the last financial year, topping the pay of founder and CEO Adrian Gore.
South Africa's richest black man Patrice Motsepe dismisses ANC presidency rumors
South African billionaire Patrice Motsepe has denied speculation that he plans to run for the ANC presidency. Speaking in Johannesburg, Motsepe said his focus remains on business and philanthropy, not politics, dismissing weeks of mounting rumors about a potential candidacy.
Paratus Group, led by Schalk Erasmus, expands African footprint with Rwanda launch
Paratus Group, led by Schalk Erasmus, launches in Rwanda to expand reliable broadband access across Africa.
MTN, led by Zimbabwean executive Ralph Mupita, hits 300 million subscribers
MTN under Ralph Mupita surpasses 300 million subscribers, marking a major milestone in African telecoms.