Choppies enters talks to exit Zimbabwe operations
The potential deal seeks to streamline Choppies' operations and focus on profitable markets amid Zimbabwe's challenging retail sector.
Southern Africa
Glencore to develop $116-million solar plant in South Africa
The project aims to decarbonize South Africa’s industrial sector by supporting renewable energy goals and reducing emissions.
Cassava Technologies partners with eFinance to drive Africa's digital transformation
The partnership seeks to advance technological innovation across Africa, with an emphasis on enhancing financial inclusion and fostering innovation in the MENA region.
Letshego secures $15.8-million loan from Proparco for Botswana expansion
The funding aims to advance Letshego’s mission of delivering inclusive financial solutions across Botswana.
MTN partners with ODC to revolutionize Africa's telecom landscape
This alliance will focus on developing Open RAN (ORAN) solutions tailored to Africa’s diverse telecommunications needs.
Jens Montanana's stake in Datatec jumps by $6 million
Datatec founder Jens Montanana sees $6 million boost, tech company's performance drives investor confidence.
Giovanni Ravazzotti's Italtile stake gains nearly $137.2 million
Despite market volatility, Italtile’s stock has shown resilience this year, consistently delivering value to investors.
Capitec’s strong performance adds nearly $1 billion to Michiel Le Roux’s fortune
South African billionaire's net worth surges as bank shares hit record highs.
Transnet’s coal corridor shows improvement, but challenges persist
Despite progress in improving South Africa’s coal export corridor, Transnet Freight Rail faces ongoing challenges that hinder its ability to reach full capacity, with structural inefficiencies and underinvestment still weighing heavily on the network.
Anglo American to divest $527 million of Amplats as part of restructuring strategy
The mining giant led by Duncan Wanblad is offering 17.5 million shares—equivalent to a 6.6 percent stake in Johannesburg-listed Amplats—at $30.1 per share.
Alan Pullinger nets $1.95 million in year-to-date gains from FirstRand stake
This growing fortune reinforces his position as one of South Africa's wealthiest executives and among the top investors on the JSE.
FirstRand partners with Proparco to boost Intra-African trade
Collaboration positions FirstRand as first Southern African bank in Proparco’s Trade Finance Guarantee Program.
Christo Wiese sees $96.3 million rise in Shoprite stake this year
Wiese, a key architect behind Shoprite’s transformation into Africa's largest retailer, holds a 10.67 percent stake in the retail giant.
Standard Bank and IFC partner to boost local currency lending across Africa
The deal aims to mitigate currency risks, expand local currency exposure, and facilitate cross-currency swaps and derivatives for businesses across Africa.
Investec raises dividend despite slight profit drop, targets global growth
Despite a marginal profit decline, Investec Group reinforces its commitment to shareholders and international expansion, signaling confidence in its strategic vision.