Sim Tshabalala-led Standard Bank expands in Angola, eyes global markets
Standard Bank secures JPMorgan approval in Angola, boosting cross-border trade access and expanding global reach.
Southern Africa
South African tycoon Stephen Saad’s Aspen stake loses $18 million
Stephen Saad’s Aspen stake drops $18 million as shares fall 5.45% in 16 days, deepening losses for South Africa’s largest drugmaker.
South African tycoon Stephen Saad’s Aspen wins $29 million settlement
Stephen Saad’s Aspen wins $29 million settlement in mRNA production dispute, boosting investor confidence after a tough fiscal year.
Fairvest, co-founded by Darren Wilder, acquires two South African malls for $39 million
Fairvest buys Jozini and Tugela Ferry malls for $39 million, boosting its South African retail portfolio.
Datatec CEO Jens Montanana to pocket $4.3 million dividend
JSE-listed Datatec lifted its interim dividend to R1.75 a share after headline earnings more than doubled, with Westcon and Logicalis driving margin gains and a swing to net cash.
South African billionaire Mark Shuttleworth rules out Canonical IPO
Open-source infrastructure house Canonical has the financial base for a public listing, but founder and CEO Mark Shuttleworth says the timing is wrong.
Oppenheimer family is South Africa’s top declared political donor
The Oppenheimer family has become the biggest source of declared private funding in South African politics, steering more than R200 million to six parties since disclosures began in 2021.
Zimbabwean billionaire Strive Masiyiwa's net worth bounces back to $1.3 billion
Strive Masiyiwa regains $100 million in two weeks, lifting his net worth to $1.3 billion as Cassava Technologies expands its AI and data footprint.
South African billionaire Saltzman family’s Dis-Chem posts $1.2 billion half-year revenue
Dis-Chem Pharmacies, backed by South Africa’s billionaire Saltzman family, posted $1.2 billion revenue in H1 2025, driven by retail and wholesale growth.
Richemont rally boosts South Africa’s richest man by $4.6 billion
Johann Rupert gains $4.6 billion this year as Richemont’s rally lifts his net worth to $18.3 billion, the highest gain among African billionaires.
South African billionaire Jannie Mouton’s Capitec stake tops $1.3 billion
Jannie Mouton’s stake in Capitec Bank has surged past $1.3 billion following a sharp rally in the bank’s shares, reflecting renewed investor confidence in the JSE.
FirstRand to buy $279 million stake in Nigerian-Lebanese tycoon Bassim Haidar’s Optasia
FirstRand to acquire a $279 million stake in Bassim Haidar’s fintech Optasia ahead of its Johannesburg IPO.
South African businessman Donovan Chimhandamba lands $75 million AfDB funding for titanium firm
South African businessman Donovan Chimhandamba’s Nyanza Light Metals secures $75 million from AfDB to scale titanium processing and boost Africa’s industrial growth.
The CAF Returns to Profit Under Patrice Motsepe’s Leadership
Under Patrice Motsepe, CAF posted a $9.48m profit, boosting prize money as African billionaires deepen their investment in football.
Since 2021, billionaire Patrice Motsepe has bankrolled six SA parties to the tune of $3.5 million
South African billionaire Patrice Motsepe has disclosed R62.5m in donations to six parties since 2021, with the ANC taking the biggest share, filings show.
South African billionaire Koos Bekker-led Prosus to back India's early-stage startups
Koos Bekker’s Prosus partners with Accel to back India’s early-stage startups in AI, energy, and advanced manufacturing.