South African billionaire Magda Wierzycka warns the UK is no longer safe for global investors
South African billionaire and Sygnia CEO Magda Wierzycka has warned that the UK is losing its appeal as a destination for serious global investors.
Southern Africa
Johann Rupert's Richemont surged 11% in May and is now closing in on a R2 trillion JSE valuation
Richemont surged nearly 11% in May, pushing its JSE market cap to just under R1.9 trillion as Johann Rupert's luxury empire closes in on a historic R2 trillion milestone.
South African billionaire Michiel Le Roux donated $3.5 million to the DA in 12 months
IEC data shows Michiel Le Roux donated R58 million ($3.57 million) to the DA in 12 months, the biggest individual political donation in South African history.
Aspen Pharmacare's $1.6 billion APAC sale adds $33 million to Stephen Saad's net worth
Aspen Pharmacare shares surged 7% after completing its R27bn APAC sale, adding approximately R550 million ($33.5 million) to Stephen Saad's fortune in a single trading session.
Who is Ze Nxumalo, the South African businessman who paid $215,000 for a city manager's private jet trip to London
Ze Nxumalo paid R3.35 million for a private jet used by Ekurhuleni city manager Imogen Mashazi in 2022. He says he chartered it for another businessman.
Namibia's 33-year-old Miguel Hamutenya just became owner of 52 fuel stations and the country's third-largest energy retailer
Miguel Hamutenya's Nasan Energies completed its takeover of 52 Engen and Shell stations from Vivo Energy, making the 33-year-old entrepreneur Namibia's third-largest fuel retailer.
South African property tycoon Roux Shabangu is now officially bankrupt
SARS sequestrated property mogul Roux Shabangu as his tax debt hit R221 million, closing a saga begun by a R520m police lease.
South African tycoon Sandile Zungu's Sizekhaya Holdings wins $4.9 billion national lottery contract
Sandile Zungu's Sizekhaya takes over South Africa's national lottery on June 2 but faces a court challenge from Ithuba, which says the R80bn contract was awarded unlawfully.
How South Africa's biggest banks enabled the Gupta corruption machine
South Africa's major banks and professional services firms provided services to Gupta-linked entities despite clear red flags, enabling state capture corruption documented as the worst in the country's democratic history.
South Africa's Craig Warriner ran a Ponzi scheme for a decade and drove a Ferrari while it lasted
Craig Warriner defrauded over 800 South African investors of at least R1.64 billion through his BHI Trust over a decade, posing as an expert day trader while living lavishly on his clients' money.
Johann Rupert tripled Richemont's earnings in five years, but the stock is down 9%. Analysts say that is the opportunity
Johann Rupert's Richemont has tripled its earnings over five years and posted 11% sales growth in fiscal 2026, yet its Zurich-listed shares are down 9%, creating what analysts are calling a rare entry point.
South Africa's Human Rights Commission opens hate speech probe into Dis-Chem heir Mark Saltzman
South Africa's Human Rights Commission opened a hate speech investigation into Dis-Chem shareholder Mark Saltzman over posts on X containing the k-word and other racially inflammatory language.
South Africa's wealthy Rupert family is set to collect a record $277 million from Richemont's biggest ever dividend
The Rupert family stands to collect approximately $277 million from Richemont's proposed record CHF 4.30 per share dividend, the largest in the luxury group's history, pending September 2026 AGM approval.
Billionaire Strive Masiyiwa's Cassava Technologies backs new African AI foundation
Strive Masiyiwa's Cassava Technologies has backed a new Kigali foundation to provide compute grants and skills training for African AI builders.
Elon Musk was paid $132.3 billion in 2025. The typical S&P 500 CEO got $17.7 million. The gap is breathtaking
Elon Musk received a $132.3 billion Tesla stock award in 2025, dwarfing the next-largest package by a factor of 160, as average S&P 500 CEO compensation rose 6% to $17.7 million while median worker pay reached $89,744.