South African billionaire Jannie Mouton gains $136 million from Capitec stake
South African billionaire Jannie Mouton gains $136.16 million as Capitec Bank shares climb, lifting the value of his long-held stake.
Southern Africa
South African billionaire Koos Bekker raises $150.3 million from share sales
Koos Bekker raises $150.3 million from share sales to back high-end hospitality projects across South Africa, U.K., and Italy.
Glencore, led by South African executive Gary Nagle, to acquire majority stake in Dutch fuel firm
Glencore, led by Gary Nagle, acquires a majority stake in Dutch fuel firm FincoEnergies to expand low-carbon and renewable fuel supply.
Billionaire Jannie Mouton’s Curro takeover turns unconditional, setting up January JSE delisting
Billionaire Jannie Mouton is taking Curro private via his charitable trust, betting a delisting can widen access to schooling.
How Jeff Bezos investments in Africa are taking shape through Amazon, AWS, and Fintech
Jeff Bezos investments in Africa show up in two big levers, Amazon marketplaces and AWS cloud, plus a selective fintech bet.
Meet Ken Clark, the South African entrepreneur selling Twizza for $125 million
From a five cow start in Dordrecht, Ken Clark built Crickley and Twizza. Now a ZAR 2.095 billion sale crowns the run.
Indian billionaire Anil Agarwal’s Vedanta seeks $500 million for Zambia copper
Vedanta is seeking a $500 million loan to refinance debt and expand copper operations at its Konkola mine in Zambia.
Johann Rupert’s Richemont posts record UK sales as profits jump
Richemont UK sales hit a record 277 million pounds as profits surged, offering a glimpse into Johann Rupert’s luxury strategy.
South African businessman Adrian Gore sells $3 million in Discovery shares
South African businessman Adrian Gore sells $3 million in Discovery shares while managing a $590 million stake and hedging risks.
Patrice Motsepe’s firm says South African court can decide $195 million Tanzanian lawsuit
South African court weighs $195 million claim by Tanzanian firm Pula against Patrice Motsepe’s African Rainbow Capital.
Glencore, led by Gary Nagle, gains full control of Peru’s Quechua copper project
Glencore gains full ownership of Peru’s Quechua copper project, strengthening its foothold near Antapaccay as JX exits mining.
Austrian tycoon Andreas Sohmen-Pao's BW Energy acquires stakes in Angolan oil blocks for $310 million
BW Energy, led by chairman-owner Andreas Sohmen-Pao, is buying stakes in Chevron-run Block 14 and 14K offshore Angola in a $310 million deal.
South African billionaire Patrice Motsepe net worth climbs to $3.7 billion
Patrice Motsepe’s net worth rises to $3.7 billion as gains in Harmony Gold and African Rainbow Minerals lift his fortune.
Zimbabwean billionaire Strive Masiyiwa’s Econet Wireless to delist, spin off towers to VFEX
Econet Wireless will quit Zimbabwe’s main bourse, spin off its towers and list the assets on the VFEX as Strive Masiyiwa seeks fairer value.
Evan Rice’s Etana Energy signs 20-year wind power purchase from Western Cape wind farms
Etana Energy, led by Evan Rice, signs 20-year deal to buy wind power from Western Cape farms, cutting 600,000 tons of CO₂ annually.
Elon Musk’s Starlink could soon reach South Africa
Starlink, Elon Musk’s satellite internet service, may soon expand to South Africa as the government eases foreign ownership rules.