South African businessman Barry Swartzberg’s Discovery stake rises by $12 million
Barry Swartzberg's Discovery stake gains $12.4 million in 15 days as shares rally 4% on the JSE.
Southern Africa
South African executive Gary Nagle leads Glencore’s copper deal with Philippines’ Villar family
The move comes as global copper smelting faces unprecedented pressure from record-low processing fees and overcapacity.
South African property tycoon Barry Stuhler’s Lighthouse acquires $159 million mall in Spain
Lighthouse Properties acquires Espacio Mediterráneo mall in Spain for $159.2 million, expanding its Iberian footprint and strengthening its retail strategy.
South African billionaire Michiel Le Roux’s Capitec stake rises to $2.6 billion
Michiel Le Roux’s Capitec stake climbs to $2.64 billion after a strong share rally, adding $105 million in two weeks.
ArcelorMittal SA, linked to Noluthando Gosa, accuses Transnet of market abuse
ArcelorMittal SA accuses Transnet of anti-competitive rail practices, citing delivery failures and rising tariffs that threaten its survival and job security.
Zimbabwe’s richest man Strive Masiyiwa sells off all Netflix shares
Strive Masiyiwa sells all Netflix shares as Cassava Technologies ramps up Africa’s AI push with Nvidia-powered data centers.
Glencore, led by South African executive Gary Nagle, unveils $1 billion buyback
The transaction, finalized on Wednesday, netted Glencore a 16.4 percent stake in Bunge and approximately $900 million in cash.
South African billionaire Patrice Motsepe’s wealth rises to $3.4 billion
Patrice Motsepe’s fortune hits $3.4 billion as shares in Harmony Gold and ARM surge; fintech bets deepen his footprint in digital finance.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital tops $700 million again
Hitesh Anadkat’s FMB Capital stake rises to $738.85 million as shares rally 15% in four days, adding $96 million to his fortune.
Mining company owned by Africa's first Black billionaire unveils plans to cut jobs
The decision underscores ongoing challenges in South Africa’s manganese mining sector and broader commodity price pressures.
South Africa’s richest man Johann Rupert’s wealth jumps by $1 billion in a week
Johann Rupert adds $1 billion in a week as Richemont and Reinet shares climb, lifting his net worth to $16.9 billion.
South African billionaire Christo Wiese’s Invicta profit rises above $40 million
The company’s improved performance reflects ongoing efforts to streamline operations, boost efficiency, and focus on key areas of the business.
Johann Rupert’s Reinet in talks to sell pension stake in deal worth up to $6.8 billion
Reinet, led by Johann Rupert, is in talks to offload its top asset, Pension Insurance Corp, in a deal worth up to $6.85 billion.
South African pharma tycoon Stephen Saad’s Aspen stake falls below $400 million
Stephen Saad’s stake slips below $400 million as Aspen shares fall 5.2% dragging market cap under $3 billion.
Jens Montanana’s Datatec revenue falls to $3.6 billion in FY 2025
Datatec’s revenue dropped nearly 9% to $3.64 billion in FY2025, while net profit rose 36% as the group focused on cost discipline and strategic growth.
Neal Froneman’s Sibanye nears decision on restarting $281 million Burnstone gold project
“There’s no question, it’s a good project,” Froneman said, noting that the company had already invested $223.3 million before pausing development in 2021.