South African mining tycoon Daphne Mashile-Nkosi could lose her mine over a $375 million debt
A court cleared the IDC to put Kalagadi Manganese into business rescue over $375 million. The lender was Daphne Mashile-Nkosi's first backer.
Southern Africa
South African billionaire Jannie Mouton's $450million school gift now faces criminal probe
Jannie Mouton's R7.2 billion ($450m) plan to buy out Curro and turn South Africa's biggest private school group into a charity has drawn a formal insider trading investigation — over shares bought before the announcement sent the stock up 60%.
South African billionaire Koos Bekker to retire as Naspers chair by 2028
Koos Bekker will retire as chair of Naspers and Prosus in the year to March 2028, ending three decades at the company he built around Tencent.
Blu Label, controlled by South Africa's Levy brothers, swings to a $306 million loss
Blu Label Unlimited posted a R4.9 billion loss after writing down Cell C, but paid a dividend for the first time in eight years.
South African wine magnate Wendy Appelbaum exports 75% of her output as volumes fall
South Africa's wine exports fell 13.8% by volume last year. Wendy Appelbaum's De Morgenzon ships three-quarters of its output to premium markets.
South African tycoon Jens Montanana's Datatec to return $432 million dividend to shareholders
Datatec will return about R7 billion ($432 million) to shareholders through a special dividend, after refinancing its Westcon unit with General Atlantic.
How Johann Rupert and Koos Bekker cut a secret deal with Cyril Ramaphosa to save Vodacom and MTN in the 1990s
Johann Rupert and Koos Bekker struck a secret deal with Cyril Ramaphosa in the early 1990s, giving trade unions a 5% stake in Vodacom and MTN to prevent the ANC from canceling the networks' operating licenses after apartheid ended.
Christo Wiese and Johann Rupert have given 24,500 South Africans legal title to their homes through Khaya Lam
Billionaires Christo Wiese and Johann Rupert have backed a project that has handed 24,500 title deeds to South Africans who owned their homes but not the land beneath them, unlocking generational wealth for families who had none.
South African tycoon Giovanni Ravazzotti's Italtile profit falls 14% on cheap imported tiles
Italtile's trading profit fell to R1.8 billion as dumped imports squeezed its factories. The duties it won came after year end.
South African billionaire Johann Rupert's daughter Hanneli now runs his Venice craft biennial
Hanneli Rupert, daughter of Richemont chairman Johann Rupert, runs the Homo Faber craft biennial in Venice, which opens for a month on Sept. 1.
South African billionaire Robert Gumede's $1.9 billion smart city hits land and contract snags
Robert Gumede's Guma Group plans a $1.9 billion smart city on Mpumalanga state land, but contracts, residents and a citrus farm are unresolved.
Rival airline asks tribunal to block South African tycoon Tshepo Mahloele's FlySafair takeover
CemAir asked South Africa's Competition Tribunal to block Harith Aviation's purchase of FlySafair, citing the state pension fund's interests on both sides.
South African billionaire Johann Rupert is $1.3 billion richer on a Cartier jewellery boom
Johann Rupert's fortune has risen to $17.4 billion from $16.1 billion in March, driven by record jewellery sales at Cartier and Van Cleef.
South African billionaire Patrice Motsepe's ARM expects earnings to rise up to 22%
African Rainbow Minerals, founded by Patrice Motsepe, expects headline earnings to rise 12% to 22% on higher platinum group metals prices.
South African tycoon Simphiwe Mehlomakulu takes a stake in Shell's 580 petrol stations
Simphiwe Mehlomakulu's Reatile Group will be the empowerment partner in ADNOC's $1 billion purchase of Shell's South African fuel business.
How deepfake ads using Elon Musk, Johann Rupert helped steal $61.5 million from South African investors
South Africa's financial regulator has revealed how deepfake advertisements featuring Johann Rupert and Elon Musk were used to steal R1 billion from South African investors through a trading platform called Banxso.