South African banker Jason Quinn receives $5.8 million salary from Nedbank
The salary reflects his leadership in driving the bank’s growth, strengthening its market position, and navigating an evolving financial landscape.
Southern Africa
Exxaro appoints Zimbabwean mining tycoon as chief executive, declares $165 million dividend
Ben Magara’s appointment follows a fast-tracked selection process after the resignation of former CEO Nombasa Tsengwa.
Former chief of Africa’s biggest firm makes $19 million in just over a month—here’s how
Over the past 37 days, Bob van Dijk’s stake has increased by R353.53 million ($19.39 million) amid renewed investor confidence.
Botswana businessman Anthony Gilby’s Tlou Energy posts $3.7 million loss
The company, still in its exploration and evaluation phase, generated no revenue during the period but continued to invest heavily in its gas-to-power project.
Zak Calisto’s Karooooo faces major write-down after political unrest in Mozambique
It expects minimal impact on earnings and cash flow, as Mozambique contributes a small share of profits across 25 countries.
5 companies owned by South African businessman Lazarus Zim
His career—spanning executive leadership, major acquisitions, and boardroom influence—reflects a deep understanding of South Africa’s shifting economic landscape.
Botswana retail tycoon Ramachandran Ottapathu’s Choppies sells Zimbabwe unit to local retailer
Botswana’s Choppies exits Zimbabwe, selling its 30-store retail business to Sai Mart as it refocuses on profitable markets amid economic challenges.
South African billionaire Patrice Motsepe’s ARM weighs sale of $821 million Harmony Gold stake
The company, which has been expanding into renewable energy, is weighing whether to hold or offload its 11.8 percent stake in Harmony, South Africa’s largest gold miner.
Mary Vilakazi leads Africa’s biggest lender to $1.23 billion half-year profit
Led by South African banker Mary Vilakazi, FirstRand continues to demonstrate resilience and solid returns for shareholders despite challenging economic conditions.
South Africa’s Saltzman family sees $45 million wipeout as Dis-Chem shares plunge
This latest drop comes after a $26.33 million loss earlier in the year.
Bidvest, led by South African executive Mpumi Madisa, secures UK nod for Citron takeover
This marks a major step in Bidvest’s global expansion, strengthening its position in hygiene, facilities management, and distribution services.
South African billionaire Patrice Motsepe to pocket $25.4 million from mining business
This payout comes despite a 25% dividend cut amid falling earnings and financial strain in a volatile commodity market.
South African billionaire Christo Wiese’s Shoprite stake drops below $1 billion—first time in months
The decline reflects growing pressure on retail stocks in South Africa, as investor sentiment shifts on the Johannesburg Stock Exchange.
Simbisa, led by Zimbabwean businessman Addington Chinake, reports $157.5 million revenue
Simbisa Brands’ H1 2025 revenue rose 7% to $157.5 million, but profits fell 10.7% as rising costs in Zimbabwe and Kenya squeezed margins
Patrice Motsepe’s African Rainbow Minerals sees profit halve as mining pressures mount
The company’s headline earnings fell 49 percent to R1.52 billion ($83.43 million), down from R2.96 billion ($162.2 million) a year earlier.
Malawian insurance mogul Vizenge Kumwenda gains $10.8 million from NICO stake
Beyond his investment in NICO Holdings, Kumwenda also owns a 0.17-percent stake in NBS Bank, valued at MWK1.73 billion ($1 million).