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.
Southern Africa
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.
Investec reports strong lending surge as post-election optimism lifts economic prospects
Renewed confidence in South Africa's governance and economy drives growth for Investec Group, with improved lending activity and expanded opportunities at home and abroad.
Attacq plans major $1.1 billion expansion of Waterfall City hub
Attacq’s ambitious growth plans have gained significant momentum through a strategic partnership with the GEPF.
Barry Stuhler’s Lighthouse Properties stake drops $3 million amid JSE sell-off
This decline compounds an earlier loss of $2.18 million recorded between June 19 and July 19.
Pick n Pay secures $471 million in Boxer IPO to drive growth strategy
Boxer's oversubscribed listing marks one of Africa’s largest IPOs in 2024.