South African billionaires Stephen Saad and Mike Teke are backing a $99 million township fibre push
The DNI consortium paid R1.6 billion for 34.8% of Frogfoot and Vox, a business that lost R256 million and has negative net asset value of R665m.
Southern Africa
South Africa's wealthy Wapnick family holds $108 million stake in Octodec as a rival circles
The Wapnick family holds $108 million in Octodec. Emira spent R892 million buying 23.5%, and Octodec's board says the offer undervalued the company.
South African tycoon Sandile Zungu cleared to challenge Danny Jordaan for SAFA presidency
SAFA's governance committee cleared Sandile Zungu to run against Danny Jordaan on Sept. 12, settling a dispute that had run since May.
South Africa's Bidvest has stopped buying companies and started generating cash instead
Brian Joffe's Bidvest has closed three acquisitions totaling $102 million (R1.67 billion) in its 2026 financial year, headlined by the $92 million purchase of environmental testing specialist Aquatico Group, as the South African services giant posted $8 billion in revenue.
Angolan billionaire Alberto Almeida de Sousa's Etu Energias to acquire Chevron's blocks for $260 million
Etu Energias, half owned by Alberto Almeida de Sousa, is buying Chevron's stakes in Blocks 14 and 14K for $260 million, displacing Energean.
10 businesses in Zimbabwean billionaire Simon Rudland's empire, from cigarettes to trucks
Simon Rudland's empire spans cigarettes, a $102 million tobacco plant, trucking, fuel stations, citrus juice and mining across two countries.
South African billionaire Robert Gumede tells the Zulu king he will turn sugarcane into fuel
Robert Gumede told King Misuzulu kaZwelithini that Tongaat Hulett will produce ethanol and sell electricity to Eskom, lifting demand for KZN cane.
South African billionaire Christo Wiese says nobody can explain white monopoly capital to him
Christo Wiese, worth about R31 billion, says the slogan aimed at him for years is meaningless and that 95% of his wealth remains in South Africa.
South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
Angolan tycoon Carlos São Vicente, jailed for embezzlement, says he could lose a kidney
Carlos São Vicente, jailed since 2020 over Angola's $900 million insurance case, says he faces kidney failure and sepsis without urgent surgery.
South African mining mogul Bridgette Motsepe-Radebe controls just one of her mines
Bridgette Motsepe-Radebe controls 51% of one colliery. Everything else her company Mmakau Mining holds is a minority stake in somebody else's operation.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.
South African billionaire Desmond Sacco got rich sharing one mine with Patrice Motsepe
Desmond Sacco and Patrice Motsepe each own half of Assmang and neither has bought the other out. The arrangement made both men billionaires.
Quinton van Rooyen bought Trustco for N$100 and built Namibia's most contested financial empire
Quinton van Rooyen bought a small Namibian property company for N$100 in 1992, built Trustco into a triple-listed financial services group, and has spent the last decade fighting to keep it from being taken from him.
Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
Malawian billionaire banking heir William Mpinganjira pumps $1.2 million into his football club
William Mpinganjira has spent $1.2 million on Ekhaya FC in three years. On Aug. 30 it plays Mighty Wanderers, owned by his father Thom.