South African exec. Gary Nagle-led Glencore halts some cobalt deliveries after Congo ban
Despite the disruption, many Glencore customers are still receiving deliveries under existing agreements.
Southern Africa
Ninety One set to absorb UK asset management unit of Patrice Motsepe's backed Sanlam
The partnership aims to combine Ninety One’s investment expertise with Sanlam’s distribution network to improve operational scale and client outcomes.
Africa’s newest billionaire Zak Calisto sells Karooooo shares worth $75 million
Zak Calisto sells $75 million in Karooooo shares to boost stock liquidity and diversify holdings, retaining majority control under governance pact.
Malawian banker Hitesh Anadkat makes $73 million from FMB Capital stake
Hitesh Anadkat holds a 45.32-percent stake in the Mauritius-headquartered financial group, equivalent to 1.11 billion shares.
Mary Vilakazi-led FirstRand gets approval to absorb HSBC South Africa
FirstRand, led by Mary Vilakazi, gains approval to absorb HSBC South Africa by Oct. 2025, boosting its corporate banking footprint.
Johann Rupert, South Africa’s richest man, gains $200 million in a week
This increase pushes his total wealth growth for the year to $2.72 billion, up from $2.52 billion just a few days ago.
Dominic Sewela led-Barloworld’s $1.3 billion buyout gets green light from regulator
The approval marks a milestone in the company’s transition from public to private ownership, ending its over 80-year run on the JSE.
South African billionaire Nicky Oppenheimer’s net worth surges $2.1 billion
Nicky Oppenheimer’s net worth surged $2.1 billion to $12.2 billion, reversing the earlier dip near $10 billion.
South African businessman Jens Montanana gains $28 million from Datatec shares
The jump comes as investors continue to show strong interest in the company, reflecting growing optimism around Africa’s expanding digital landscape.
JP Morgan’s stake in July Ndlovu-led Thungela drops below $50 million
JP Morgan’s Thungela stake drops to $47 million despite raising its holding, as coal prices retreat and investor sentiment shifts amid global energy transition.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom takes stake in Jumia
The deal comes as longtime backer Baillie Gifford sold off its remaining shares in Jumia, closing the book on a multi-year bet on the e-commerce platform.
Africa’s newest billionaire Zak Calisto gains $115 million from Karooooo’s stake
Zak Calisto’s Karooooo stake rises to $1.17 billion, gaining $115 million as SaaS growth drives revenue and user expansion across 23 countries.
Duncan Wanblad-led Anglo American plans $26 million upgrade at Quellaveco mine
The upgrade aims to enhance production capacity and sustainability efforts amid rising global demand for copper, a critical metal in the clean energy transition.
Discovery co-founder Adrian Gore gains $34 million from stock rally
Over the past 16 days, the market value of his stake has increased by $34.74 million, propelling the market value of his stake above the $600-million mark.
South African billionaire Johann Rupert’s net worth drops below $17 billion
Johann Rupert’s net worth falls $800 million to $16.3 billion amid Richemont’s 6.5% share decline despite strong global jewelry sales.
Johann Rupert to receive $20.7 million dividend from Reinet
Johann Rupert will receive a $20.7 million dividend from Reinet Investments after the Luxembourg-based firm reported strong asset growth in its latest fiscal year.