JP Morgan sells $110 million stake in South Africa’s Clicks Group, led by Bertina Engelbrecht
The banking giant sold $110 million worth of shares in Clicks Group, reducing its stake from 5.96% to 3.48%.
Southern Africa
South African billionaire gains $360 million from Glencore shares after 2024’s $1.9 billion loss
This marks a partial recovery after a challenging year in which his stake dropped by nearly $2 billion.
Standard Bank’s market value drops below $20 billion amid non-compliance sanction
This decline has shaved $609.22 million off its market capitalization, reducing it from $20.18 billion to $19.57 billion.
JP Morgan bets big on Mpumi Madisa-led Bidvest with $241 million stake acquisition
The banking giant invested R4.42 billion ($241.29 million) to secure a 5.03 percent beneficial stake in Bidvest.
Internet group led by South African billionaire Koos Bekker to invest $20 billion in Europe
Prosus, which holds a diverse portfolio spanning fintech, social media, edtech, and food delivery, is doubling down on growth opportunities in the region.
Trustco, controlled by Namibian businessman Quinton van Rooyen, expands share capital with $3.2 million issuance
The new shares were allocated to Riskowitz Value Fund on Jan. 21, 2025, marking the first tranche of the acquisition.
Angola to sell stakes in Unitel, years after gaining control from Africa’s first female billionaire
The decision follows nearly three years of state control after Unitel was seized from Africa’s first female billionaire, Isabel dos Santos.
South African businessman Barry Swartzberg loses $13.8 million on Discovery shares
The recent decline, however, reflects a shift in investor sentiment, despite Discovery's robust financial results.
Luxembourg-based firm controlled by South Africa’s richest man hits $7.2 billion in net assets
Its portfolio includes stakes in Pension Insurance Corporation Group Limited, British American Tobacco (BAT), and other diversified assets.
South African billionaire Nicky Oppenheimer adds $225 million to his net worth
Oppenheimer’s fortune has risen from $11.6 billion at the start of the year to $11.8 billion as of Jan. 22, showcasing consistent financial gains.
South African mining expert, Moses Madondo, to lead billion-dollar thermal coal exporter
Madondo, who currently serves as CEO of De Beers Group Managed Operations, brings over 25 years of experience in the mining industry to his new role.
Namibian businessman Quinton van Rooyen’s Trustco mulls delisting to sharpen growth focus
Trustco Group considers delisting from the JSE, NSX, and OTCQX to streamline operations, focus on growth, and pursue broader international opportunities.
South Africa’s richest man, Johann Rupert, gains $1.64 billion in first three weeks of 2025
Forbes' real-time billionaire rankings still list Rupert as Africa’s richest person, with a net worth of $13.1 billion.
London office skyscraper owned by Eswatini’s richest man loses $76 million in value
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
Caxton appeals to constitutional court over Media24’s $2.5 million restructuring deal
Caxton appeals Media24’s $2.5 million restructuring plan, citing risks to media diversity, rural access, and competition in South Africa’s shifting print landscape.
South African insurance tycoon Adrian Gore’s Discovery stake drops below $500 million
This marks a reversal after his stake surged by $147.4 million in 2024, reaching $525.12 million in 2024.