Billionaire Patrice Motsepe to collect $67.7 million in ARM dividends
ARM's 700-cent final dividend takes Patrice Motsepe's payout for the year to about R1.09 billion, on a holding of 91.1 million shares.
Southern Africa
Patrice Motsepe's African Rainbow Minerals profit jumped twelve-fold to $248 million
African Rainbow Minerals lifted revenue 25% to R16.3 billion and swung from a gross loss to R4.4 billion profit in the year to June 30.
South African billionaire Adrian Gore's Discovery Bank makes its first profit
Discovery Bank made R370 million against a R68 million loss, and 70% of new customers now come from outside the wider Discovery group.
South African billionaire Michiel le Roux's family doubles its Stormers rugby stake to 71.5%
Fynbos Group bought out Ardagh Glass Packaging Africa's shares in Red Disa Investments, taking the Le Roux family to 71.5% of Stormers Rugby.
South African billionaire Patrice Motsepe's ARM faces a fresh appeal in $195 million case
A Tanzanian judge struck out Pula's $195 million claim against Patrice Motsepe on Aug. 7 without ruling on the merits. Pula has now appealed.
South African property tycoon Sharon Wapnick resigns from Nutun board after six years
Octodec chairman Sharon Wapnick resigns as a Nutun director and remuneration committee chair, effective Sept. 30, after six years on the board.
Capitec, founded by billionaire Michiel le Roux, lists on a second South African exchange next week
Capitec takes a secondary listing on A2X from Sept. 7, in the same week JPMorgan began trading on the alternative South African exchange.
Billionaire Johann Rupert's Cartier opens first New Zealand boutique
Cartier has opened its first New Zealand store, on Auckland's Queen Street. It is the eighth in Oceania for the house that has driven most of billionaire Johann Rupert's recent gains and Richemont's third brand on the same street.
South African billionaire Stephen Saad is selling weight-loss drugs faster than anything he has seen
Aspen's normalised headline earnings rose 28% in constant currency on flat revenue, as Mounjaro took 53% of South Africa's weight-loss market.
South Africa's Brimstone Investment Corporation lifted dividends 76% despite US aid cuts
Brimstone's cash dividends rose 76.5% to R161.4 million and net asset value 11.7%, even as US health funding cuts hit its Obsidian business.
US-sanctioned Zimbabwean billionaire Kudakwashe Tagwirei has been sworn in as a senator
Sakunda founder Kudakwashe Tagwirei took his oath on Tuesday, appointed by a president who sits alongside him on the same US sanctions list.
Michiel Le Roux's Capitec blocked $43 million in fraud losses using AI that scores every payment in real time
Capitec has revealed that its AI-powered payment screening system blocked $43 million in potential fraud losses for more than 113,000 clients in the year to June 2026, while flagging more than 394,000 potentially fraudulent payments.
Two South Africans built Tekkie Town from to a $197 million company, then Steinhoff wiped it all out
From $1,230 to $197 million and back to zero: Tekkie Town founders Braam van Huyssteen and Bernard Mostert describe how Steinhoff's accounting scandal destroyed their life's work in 18 months.
South African billionaire Jannie Mouton admits the Capitec mistake that cost PSG $1.4 billion
Jannie Mouton has admitted that unbundling PSG's 58% Capitec stake in 2003 was one of the costliest mistakes in South African investment history, a decision that cost the company $1.4 billion in future returns before a fortunate re-entry partially rescued the position.
Christo Wiese's Shoprite buys into R&A Cellular to compete in South Africa's $61 billion informal economy
Shoprite has completed a 51% acquisition of fintech R&A Cellular, marking the retail giant's entry into South Africa's informal economy estimated at between $46 billion and $61 billion.
Shoprite grew sales by $1 billion while cutting prices at its cheapest stores
Shoprite added R18.1 billion in sales while running price deflation at Shoprite and Usave, and is buying coffee chain Vida e Caffè and R&A Cellular.