Elon Musk's xAI is paying back $3 billion in bonds early
Elon Musk's xAI is moving to pay off $3 billion in junk bonds ahead of schedule, part of a sweeping financial reset tied to SpaceX's IPO push.
Southern Africa
Stephen Saad's Aspen Pharmacare is racing to get Generic Ozempic approved in Canada by September
Africa's largest drugmaker is gunning for a Canadian green light on its generic version of Ozempic's key ingredient before summer ends.
Thailand hunts South African businessman Benjamin Mauerberger over $30 million fraud
Thailand issued arrest warrants for South African Benjamin Mauerberger and his wife over a $30 million investment fraud that stretches to Cambodia.
South Africa's Supreme Court sides with SARS in foreign money case, warns taxpayers who hide offshore income
South Africa's highest court has backed SARS against a taxpayer who kept changing his story about a British Virgin Islands deposit.
Elon Musk threatens to freeze Tesla's Berlin factory expansion as union showdown reaches boiling point
Elon Musk is threatening to halt expansion of Tesla's German factory as a century-old union battles for control of the workplace
7 businesses owned by the world's richest man Elon Musk
Elon Musk's business empire spans electric cars, rockets, brain chips and social media—and it keeps growing in unexpected ways
ANC condemns PM27 campaign as website pushes Patrice Motsepe for party presidency despite his denials
A campaign website is pushing billionaire Patrice Motsepe for the ANC presidency in 2027, even as he repeatedly denies any political ambition.
Former Steinhoff legal chief Stephanus Grobler fined $18.9 million by FSCA
FSCA fines former Steinhoff executive Stephanus Grobler R359m over false and misleading financial statements issued between 2014 and 2017.
Patrice Motsepe emerges in leadership speculation as South Africa debates its future
South African billionaire Patrice Motsepe is back in national leadership conversations as the country debates its future, despite his repeated denials of political ambition
Capitec's billionaire founder Michiel Le Roux donated millions to Democratic Alliance
Michiel Le Roux’s investment vehicle gave the DA another major boost as fresh disclosures showed the party taking most declared donations late last year.
Zim billionaire Strive Masiyiwa's Liquid Intelligent lands $605m funding to accelerate Africa expansion
Liquid Intelligent secures $605m in fresh funding to cut debt, strengthen its balance sheet and expand digital infrastructure across Africa.
Tech billionaire Zak Calisto moves into insurance with planned stake in King Price
Competition regulators recommended approval of a deal tied to billionaire Zak Calisto to acquire a stake in King Price, the fast growing insurer.
Zim billionaire Strive Masiyiwa breaks 26 year silence as Econet Zimbabwe quits the stock market
Strive Masiyiwa addressed Econet shareholders for the first time in 26 years as investors approved delisting from Zimbabwe’s stock exchange.
Billionaire-backed Zoho ramps up South Africa push with plans for local data centers
Zoho is considering data centers in South Africa as the Vembu family owned software firm rides a 50% surge across Africa.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
South African tycoon Sandile Zungu says nothing will stop Sizekhaya lottery takeover
Sandile Zungu says Sizekhaya is on track to take over the national lottery on June 1, dismissing controversy around the licence award.