South African multimillionaire Magda Wierzycka wants pension funds to back startups
Magda Wierzycka says directing a sliver of South Africa’s pension savings into startups could unlock billions for the country’s next generation of entrepreneurs.
Southern Africa
Filipino billionaire Enrique Razon seals 25-year port deal in South Africa
Transnet’s 25-year Durban deal with ICTSI marks South Africa’s first big port concession, aimed at unclogging a vital, crisis-plagued trade gateway.
Duncan Wanblad-led Anglo American and Teck shareholders approve $50 billion merger
Anglo American and Teck shareholders approve $50 billion merger, creating world’s fifth-largest copper producer.
South African tycoon Stephen Saad loses $19 million from Aspen stake
Stephen Saad’s Aspen Pharmacare stake loses $19 million as shares fall, highlighting mounting pressure on Africa’s largest drugmaker.
Motsepe's African Rainbow Minerals reports R1.5 billion dividend from Assmang after stronger year
African Rainbow Minerals said it received a R1.5 billion dividend from Assmang, reflecting improved earnings and steadier commodity conditions through 2025.
Sanlam, backed by billionaire Patrice Motsepe, unveils $234 million impact fund
Sanlam unveils a $234.8 million Property Impact Fund focused on social infrastructure, affordable housing and community development.
Namibian businessman Quinton van Rooyen's Trustco halts Riskowitz takeover move
Trustco rejects Riskowitz’s takeover move, calling the bid invalid after nominees refused required vetting.
JSE tech CEOs pocket R1.38bn ($81.5m) in 2025 as Naspers, Karooooo lead payout surge
South Africa’s top JSE tech bosses shared R1.38bn ($81.5m) in 2025 pay as profits rebounded and a few companies drove the index.
Meet South African fintech veteran Leonard Shenker, who just sold his company for $23.5 million
Capitec’s R400m buyout of Walletdoc hands founder Leonard Shenker a rare South African fintech exit and secures the bank a ready-made payments engine.
South African billionaire Michiel Le Roux’s Capitec buys Walletdoc for $23 million
Capitec advances its digital push with a $23.5 million deal to acquire Walletdoc and expand payment services.
Patrice Motsepe-backed Harmony Gold buys equipment worth $64 million to revamp Eva mine
Harmony Gold is spending $64.1 million on Metso equipment to fast-track development of its Eva copper project, strengthening its shift toward future-facing metals.
Elon Musk’s Starlink edges closer to official approval in Namibia
Namibia reviews Starlink’s license applications, bringing Elon Musk’s satellite service closer to formal approval.
South African tycoon Mustaq Brey’s Brimstone sells part of Oceana stake for $37 million
Mustaq Brey’s Brimstone sells part of its Oceana stake for $37 million to strengthen its balance sheet and refocus its investments.
King Mswati III, Africa’s last absolute monarch, permits northern Eswatini gold search
King Mswati III approves Eswatini Ventures to explore gold in northern Hhohho, marking a new step in the kingdom’s mining sector.
South African tycoon John Copelyn’s HCI to sell The Point Mall for $55.7 million
HCI, led by John Copelyn, to sell Cape Town’s The Point Mall for $55.7 million to reduce debt and reallocate capital.
Dis-Chem founder Ivan Saltzman to step down from executive board role in 2026
Dis-Chem founder Ivan Saltzman will step back again in 2026, ending an executive era as the family reshapes its shareholding.