South African entrepreneur Lelo Rantloane’s Ata Capital offloads Novare stake in management buyout
Ata Capital exits Novare, selling 26% stake to management, marking full ownership and a new chapter for the African investment firm.
Southern Africa
Investec, led by South African executive Fani Titi, ramps up corporate mid-market expansion
Investec ramps up mid-market growth in South Africa and the U.K., targeting stronger returns and deeper client relationships.
South African retail tycoon Giovanni Ravazzotti’s Italtile stake tops $400 million
Italtile’s share rebound lifts Giovanni Ravazzotti’s stake back above $400 million after months of pressure on the JSE.
Patrice Motsepe-backed Harmony Gold eyes Newmont copper venture in Papua New Guinea
Patrice Motsepe-backed Harmony Gold weighs a multibillion-dollar copper venture with Newmont in Papua New Guinea.
Christo Wiese-backed Pepkor joins Investec to launch zero-fee banking service
Pepkor and Investec discuss a zero-fee banking service to reach millions of lower-income South Africans.
Reinet, led by South African billionaire Johann Rupert, posts $7.8 billion in net assets
Reinet Investments, led by Johann Rupert, posts $7.8 billion in net assets despite a $298 million decline amid market volatility.
South African executive Thabo Mabe takes top job at Dangote Sugar Refinery
South African executive Thabo Mabe is set to lead Dangote Sugar, driving $700 million expansion and growth at the sugar producer.
South African executive Gus Attridge loses $10 million as Aspen shares fall
South African pharma leader Gus Attridge sees a $10.7 million drop in his Aspen stake as the drugmaker’s shares slide and investor concerns deepen in 2025.
South African billionaire Ackerman family set to offload Pick n Pay shares
The Ackerman family plans to sell up to 8.5 percent of Pick n Pay shares to support the retailer’s turnaround efforts.
UK firm seeks 40 percent of $40.7 million settlement from ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate faces a new court battle as UK company seeks $16.2 million of his $40.7 million Vodacom settlement.
South African executive Fraser-Moleketi drives Tiger Brands’ $76 million Chococam exit
Tiger Brands, chaired by Geraldine Fraser-Moleketi, sells its 74.69% stake in Cameroon’s Chococam for $76 million, part of its global portfolio restructuring.
iFood, backed by Koos Bekker-led Prosus, buys Advolve to boost ads growth
iFood acquires Advolve to accelerate its ads growth and strengthen Prosus’s retail-media expansion.
Zimbabwean billionaire Strive Masiyiwa’s Cassava raises $150 million for AI expansion
Cassava raises $150 million and gains NVIDIA support to expand AI infrastructure across Africa.
South African banker Mary Vilakazi-led FirstRand secures $310 million AfDB funding
FirstRand gains $310 million from AfDB to expand credit access for MSMEs, women entrepreneurs and farmers in South Africa.
South African tycoon Barry Swartzberg’s Discovery stake rises by $18.5 million
Barry Swartzberg’s stake in Discovery Limited rises by $18.5 million as shares gain 5.57% on the JSE, signaling renewed investor confidence in 2025.
Vodacom, led by Shameel Joosub, partners with Starlink to expand Africa internet
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.