Billionaire Christo Wiese calls Ramaphosa’s presidency ‘a disappointment’
Retail billionaire Christo Wiese says President Cyril Ramaphosa’s record is a disappointment, blaming South Africa’s political system and weak institutions for stalled reform.
Southern Africa
Tomi Amosun's Summit Africa gets $20 million from IFC
Summit Africa secures $20 million from IFC to boost growth in financial services, technology and food security.
South African billionaire Koos Bekker-led Prosus invests in humanoid robot startup
Flexion recently raised $50 million in a Series A round, led by Prosus Ventures with participation from global investors.
Brett and Mark Levy’s Cell C lists on JSE at $537 million
Cell C debuts on the JSE at a $537 million valuation, marking its first day as an independent operator after years of restructurings under Blue Label.
South African banker Jason Quinn-led Nedbank settles $34.8 million dispute
Jason Quinn-led Nedbank agrees to pay $34.8 million to Transnet, ending a year-long legal dispute while supporting growth in Africa.
Absa, led by Kenny Fihla, channels $100 million into African green power
Absa, led by Kenny Fihla, invests $100 million in African renewable energy through CrossBoundary Energy.
Pepkor, linked to billionaire Christo Wiese, wins South Africa banking license
Pepkor, linked to billionaire Christo Wiese, has won approval to launch a bank in South Africa, marking a major shift in the 110-year-old retailer’s strategy.
Patrice Motsepe-backed Harmony Gold approves up to $1.75 billion for Eva Copper mine
Harmony Gold commits up to $1.75 billion to develop the Eva Copper mine as Motsepe-backed expansion pushes into Australia.
Mary Vilakazi-led FirstRand unveils $150 million clean energy transition facility
FirstRand and BII launch a $150 million facility to help high-emitting African companies shift to cleaner production.
South African billionaire Koos Bekker-led Naspers logs $4.1 billion profit for H1 2026
This marks a clear improvement from the same period a year earlier and underscores the company’s effort to streamline operations and tighten execution in key markets.
Lesaka, linked to Patrice Motsepe, gets approval for $64 million Bank Zero deal
The clearance removes the main regulatory hurdle for the deal, which was first announced in June 2025.
Anglo American, led by South Africa's Duncan Wanblad, faces fresh BHP takeover bid
The move comes as Anglo prepares for a shareholder vote on its planned merger with Canada’s Teck Resources Ltd., a deal that would create a major copper producer.
Vodacom, led by Shameel Joosub, weighs larger stake in Kenya’s Safaricom
Vodacom may increase its stake in Safaricom as Kenya explores selling part of its government share.
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges in Angola Supreme Court ruling.
Zimbabwean tycoon Simon Rudland opens $100 million tobacco plant in Harare
Zimbabwean tycoon Simon Rudland's Cut Rag Processors opens $100 million Harare tobacco plant, expanding local production and exports.
South African executive Laurence Rapp-led Vukile finalizes $13 million upgrade of Mthatha Mall
Vukile finalizes a $13 million upgrade of Mthatha Mall, adding new retailers and driving a strong recovery in the Eastern Cape.