After expanding to 99 countries, Elon Musk’s Starlink secures approval in Zimbabwe
Launched in Africa in 2022, Starlink has rapidly expanded its footprint, with Elon Musk emphasizing the company’s commitment to operating wherever legally permitted.
Southern Africa
South African billionaire Jannie Mouton sees $46.9 million loss on Capitec shares
This comes on the heels of a $94 million gain recorded between April 17 and May 4 when the market value of his stake surged from $646.08 million to $740.15 million.
South African tycoon Barry Swartzberg’s stake in Discovery slumps below $155 million
This recent slump compounds a previous loss of $7.91 million recorded between April 30 and May 16.
South Africa’s richest man Johann Rupert makes $900 million in just three weeks
While his commanding stake in Richemont forms the cornerstone of his wealth, Johann Rupert has diversified his investment portfolio across a spectrum of industries.
Bravura Holdings unveils Zimbabwe’s first world-class lithium upgrade facility at Victoria Falls Mining Indaba
Benedict Peters, through Bravura Holdings, has propelled this project forward, showcasing its comprehensive design at the Indaba.
Egyptian billionaire Ghabbour family gains $20.7 million in 16 days
This surge has pushed the group’s market cap above $255 million, delivering substantial gains to shareholders, including the wealthy Ghabbour family.
South African mogul Christo Wiese-linked Pepkor posts $2.4 billion half-year revenue
In 2014, South African billionaire Christo Wiese sold Pepkor to Steinhoff International in exchange for a 20 percent stake in Steinhoff.
Bravura Sets the Record Straight: Rebuttal to Inaccurate Claims in Zimbabwean Mail
Bravura clarifies that the Kamativi Lithium Tailings Project, launched in December 2021, is progressing steadily despite encountering regulatory hurdles and global economic challenges.
South African tycoon Adrian Gore’s Discovery stake surges $22.1 million
This follows a $14 million loss recorded between April 30 and May 14, when his stake dropped from R10.49 billion ($571.56 million) to R10.24 billion ($557.54 million).
Laurie Dippenaar’s FirstRand secures $250 million IFC green housing loan
The funding consists of a $200 million direct loan from IFC and up to $50 million mobilized through the managed co-lending portfolio program.
South African real estate mogul Michael Georgiou sells $3.1 million stake in Accelerate
According to a statement released by the Accelerate Property Fund, Georgiou sold 107 million shares, which were subsequently seized by Investec.
South African tycoon Stephen Brookes’ property firm secures land for $108 million KZN estate
Stephen Brookes, a South African real estate magnate, remains the company’s largest shareholder, holding a 36.08 percent stake.
South African businessman Jens Montanana leads Datatec to $5.5 billion revenue
Jens Montanana also acknowledged the challenges faced by Logicalis Latin America, specifically in Argentina and Brazil, which hampered its financial performance.
South African Ackerman family gives up control of Pick n Pay after challenging year
The Ackerman family, led by Gareth Ackerman, currently holds a combined 25.53 percent stake (124,677,238 shares).
South African billionaire Stephen Saad loses $28 million in one week
This follows a gain of $32.2 million recorded between April 23 and May 1, when his stake increased from $654.18 million to $686.41 million.
Angolan businessman Agostinho Kapaia’s group awarded $1.3 billion in contracts over 2 years
Marques, in a letter to President João Lourenço, criticized the award to the Opaia Europa and IDC consortium, both owned by Kapaia.