Shoprite, backed by Christo Wiese, flags Mozambique review amid record sales
Shoprite, backed by billionaire Christo Wiese, is weighing Mozambique operations as it posts record sales and profit in South Africa.
Southern Africa
Prosus, South African billionaire Koos Bekker, backs $12.5 million round for Arabic speech startup
Prosus, chaired by Koos Bekker, led a $12.5 million Series A in Intella, backing Arabic-first AI tools for enterprises across MENA.
Invicta, backed by South African billionaire Christo Wiese, buys UK’s Spaldings Group for $16 million
Invicta Holdings, led by Christo Wiese, buys Spaldings Group for $16 million to strengthen its U.K. and European presence.
RCL, backed by South African billionaire Johann Rupert, posts $1.5 billion revenue
RCL Foods, backed by Johann Rupert, reports modest revenue growth with baking gains and steady groceries in 2025.
South African executive Gerald Van Wyk leads AfroCentric to $238 million revenue in H1 2025
AfroCentric reports $238 million revenue for H1 2025, driven by services growth despite weaker retail performance.
Glencore, led by Gary Nagle, may cut jobs at South African ferrochrome venture
Glencore, led by Gary Nagle, considers job cuts at its South African ferrochrome joint venture as rising costs and weak competitiveness put pressure on the business.
Shoprite, backed by South African billionaire Christo Wiese, posts $14.3 billion revenue
Shoprite posted $14.3 billion in sales for 2025, lifted by strong demand in South Africa, Checkers growth and surging Sixty60 online orders.
Zimbabwean aviation mogul Patson Moyo buys Harare property for $30 million
Zimbabwean mogul Patson Moyo’s Transvaal Africa buys 418-hectare Harare estate for $30 million, eyeing cargo hub and airline launch despite legal dispute.
South African brothers, Brett and Mark Levy, plan Cell C listing
Blue Label, led by Brett and Mark Levy, plans to list Cell C on the JSE after a turnaround, aiming to cut debt and secure long-term growth.
Motsepe-backed Harmony Gold wins shareholder approval for $1.03 billion Australian copper deal
Harmony Gold secures support in its $1.03 billion MAC Copper acquisition, expanding its global mining portfolio.
Eswatini’s richest man Natie Kirsh loses $500 million in three months
Natie Kirsh loses $500 million in three months, bringing his wealth below $10 billion despite new business moves.
South African businesswoman Noluthando Gosa-linked ArcelorMittal SA to lay off 3,500 workers
ArcelorMittal SA, linked to Noluthando Gosa, to close its long steel division, risking 3,500 jobs amid rising costs and weak demand.
South African businessman Fred Robertson's Sea Harvest posts $251 million half-year revenue
Sea Harvest’s profit surged 71% to $17.9 million in H1 2025 on higher hake volumes and stronger pricing, with revenue climbing 34% to $251 million.
South African businessman Lazarus Zim sued for $7 million in BEE dispute
South African businessman Lazarus Zim battles a $7 million lawsuit linked to Northam Platinum’s BEE restructuring.
South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
South Africa’s richest Johann Rupert rebounds to $16.1 billion after Richemont surge
South Africa’s richest man Johann Rupert regains $1.2 billion in two weeks, lifting his fortune to $16.1 billion on Richemont gains.