Michael Georgiou exits Accelerate Property Fund after shareholder opposition
Accelerate Property Fund has cut ties with founder Michael Georgiou after 97% of shareholders rejected his return to the board at its annual meeting.
Southern Africa
South African mogul Terrence Moolman gains $29 million from Caxton shares
South African media mogul Terrence Moolman gains $29 million as Caxton & CTP shares rise on the Johannesburg Stock Exchange, reflecting renewed investor confidence.
Zimbabwean billionaire Strive Masiyiwa’s net worth falls $100 million to $1.2 billion
Zimbabwe’s richest man, Strive Masiyiwa’s fortune drops by $100 million as market slide trims his net worth to $1.2 billion.
Malagasy tycoon Hassanein Hiridjee’s AXIAN acquires solar plant in Zambia
AXIAN Energy, led by Malagasy tycoon Hassanein Hiridjee, acquires Zambia’s Bangweulu Solar Plant to boost clean energy and expand access.
South African billionaire Mark Shuttleworth donates $1 Million to save the world’s largest flying bird
The Ubuntu founder’s donation gives new momentum to a global conservation effort to protect the wandering albatross.
South African tycoon Stephen Brookes’ Balwin stake climbs $10.4 million
Balwin Properties’ CEO Stephen Brookes sees his stake rise by $10.4 million after a strong rally lifts the firm’s market cap to $82 million.
Capitec rally pushes Michiel Le Roux stake to $3 billion
South African billionaire Michiel Le Roux’s Capitec stake climbs to $3 billion amid rising shares and investor confidence.
South African billionaire Christo Wiese’s Premier to acquire RFG in $340 million share swap
Christo Wiese-backed Premier Group to acquire fellow South African food producer RFG Holdings in a share-swap deal valued at up to $340 million.
South African billionaire Zak Calisto’s Karooooo drops below $1.5 billion
Karooooo shares fall 16 percent as investors take profits, cutting South African billionaire Zak Calisto’s stake to $847 million.
Vodacom, led by Shameel Joosub, to invest $29 million to expand 5G coverage in Limpopo
Vodacom commits $29 million to enhance Limpopo’s 5G network, improve connectivity, and empower local communities.
South Africa’s richest man under fire after $21 million fine to Richemont-owned Chloé
Richemont, faces scrutiny after the EU fined its Chloé brand €20M for antitrust violations, casting fresh light on his governance of the Swiss group.
South African billionaire Zak Calisto’s Karooooo posts $20.5 million profit in Q2 as subscriptions jump 20%
Calisto says subscription revenue growth accelerated to 20%, supported by strong unit economics and a clean balance sheet.
South African tycoon Mike Teke’s Seriti starts third phase of Mpumalanga wind project
Seriti Green begins construction on its third Mpumalanga wind project, boosting South Africa’s renewable energy capacity.
South African tycoon Gus Attridge’s Aspen stake rebounds above $100 million
South African businessman Gus Attridge’s stake in Aspen Pharmacare rebounds above $100 million as the company’s shares recover on the JSE.
Kansagra family-backed Kavango Resources draws fresh capital after Zimbabwe listing
Kavango Resources raises fresh capital after Zimbabwe listing, with Kansagra family boosting its Southern Africa expansion.
Canal+, backed by French billionaire, plans JSE listing after MultiChoice takeover
Canal+, led by billionaire Vincent Bolloré, plans JSE listing after taking full control of South Africa’s MultiChoice Group.