South Africa's Vodacom, led by Shameel Joosub, moves to control Kenya's Safaricom
Vodacom, led by Shameel Joosub, moves to take control of Kenya’s Safaricom in a deal valued at about $2.4 billion.
Southern Africa
Vodacom, Johann Rupert’s Remgro close $672.9 million Maziv fiber deal
Vodacom finalizes a $672.9 million fiber deal with Remgro’s Maziv to expand fast internet across South Africa.
South African tycoon Barry Swartzberg's Discovery stake falls by $15 million
Barry Swartzberg’s Discovery stake falls $15 million as weak sentiment hits JSE financial stocks, thus cutting the insurer’s market capitalization.
South African banker Gerrie Fourie joins STADIO five months after Capitec exit
Gerrie Fourie, former Capitec CEO, becomes STADIO board director to boost student access nationwide.
South African billionaire Johann Rupert’s Remgro to take full Mediclinic control
Johann Rupert’s Remgro plans a major restructuring to gain full control of Mediclinic Southern Africa.
SA billionaire Johann Rupert’s Richemont posts $12.3 billion half-year sales
Richemont, controlled by South Africa’s Johann Rupert, posted $12.3 billion in half-year sales as strong jewelry demand and solid retail gains lifted results.
Zimbabwean billionaire Strive Masiyiwa warns young Africans against flashy living
Strive Masiyiwa has urged young Africans to stop chasing “Mbinga culture,” warning that conspicuous consumption can wreck real wealth building and children’s futures.
South African billionaire Jannie Mouton gets green light to buy Curro for R7.2 billion
South African billionaire Jannie Mouton’s foundation wins approval to buy Curro for R7.2 billion, turning the country’s biggest private school group nonprofit.
Aspen Pharmacare investors eye CEO’s $1.2 million pay after weak results
Aspen investors head into December AGM after years of weak earnings and share losses, ready to question whether CEO pay still makes sense.
Billionaire Christo Wiese calls Ramaphosa’s presidency ‘a disappointment’
Retail billionaire Christo Wiese says President Cyril Ramaphosa’s record is a disappointment, blaming South Africa’s political system and weak institutions for stalled reform.
Tomi Amosun's Summit Africa gets $20 million from IFC
Summit Africa secures $20 million from IFC to boost growth in financial services, technology and food security.
South African billionaire Koos Bekker-led Prosus invests in humanoid robot startup
Flexion recently raised $50 million in a Series A round, led by Prosus Ventures with participation from global investors.
Brett and Mark Levy’s Cell C lists on JSE at $537 million
Cell C debuts on the JSE at a $537 million valuation, marking its first day as an independent operator after years of restructurings under Blue Label.
South African banker Jason Quinn-led Nedbank settles $34.8 million dispute
Jason Quinn-led Nedbank agrees to pay $34.8 million to Transnet, ending a year-long legal dispute while supporting growth in Africa.
Absa, led by Kenny Fihla, channels $100 million into African green power
Absa, led by Kenny Fihla, invests $100 million in African renewable energy through CrossBoundary Energy.
Pepkor, linked to billionaire Christo Wiese, wins South Africa banking license
Pepkor, linked to billionaire Christo Wiese, has won approval to launch a bank in South Africa, marking a major shift in the 110-year-old retailer’s strategy.