Mark and Brett Levy's Blu Label Unlimited shares lose $85.1 million in seven months
Mark and Brett Levy have lost R1.46 billion over seven months as Blu Label Unlimited shares fell sharply from their August 2025 peak.
Southern Africa
Billionaire Jannie Mouton's PSG Financial expects earnings to rise as much as 39% in 2026
PSG Financial Services expects attributable earnings per share to rise as much as 39% for the year ended Feb. 28, 2026, with results due April 16.
South African billionaire Koos Bekker watches MultiChoice bleed as the empire he built fights for survival
Koos Bekker built DStv from an MBA thesis into Africa's biggest pay-TV empire. Now it is losing subscribers, channels and its identity.
Tycoon Saki Macozoma says South Africa's Black Economic Empowerment must be overhauled and handed to a new generation of leaders
Saki Macozoma told the News24 On the Record summit that BEE must be overhauled and led by new leaders, not scrapped, to remain relevant.
Zimbabwean multimillionaire Simon Rudland threatens to sue state broadcaster ZBC over claims he bankrolled a plot to overthrow Mnangagwa
Zimbabwe businessman Simon Rudland has given state broadcaster ZBC two days to retract claims he bankrolled a plot to overthrow President Mnangagwa.
The Foschini Group warns both earnings per share and headline earnings will fall more than 20% as weak UK and Australia sales drag down its 2026 results
The Foschini Group has warned both its earnings per share and headline earnings will fall more than 20% for its 2026 financial year.
Patrice Motsepe's African Rainbow Capital is fighting a US company's bid to block a South African court from ruling on a $195 million Tanzania lawsuit
A US company is contesting Johannesburg high court jurisdiction in a $195 million lawsuit against Patrice Motsepe's African Rainbow Capital.
Zimbabwe's richest family publishes book on three decades of African philanthropy through Higherlife Foundation
Tsitsi and Tanya Masiyiwa have released a book documenting 30 years of the Higherlife Foundation's philanthropic work across Africa.
Indian billionaire Ravi Jaipuria's Varun Beverages acquires South Africa's Crickley Dairy in ZAR 238 million deal
Varun Beverages is acquiring South Africa's Crickley Dairy for ZAR 238 million ($14.3 million), marking its first move into dairy products.
Zim billionaire Strive Masiyiwa's Cassava launches Africa's first NVIDIA-powered AI factory in South Africa
Strive Masiyiwa's Cassava Technologies launches Africa's first NVIDIA-powered AI factory in South Africa, targeting Nigeria, Kenya, Egypt and Morocco.
Chevron sells Angola oil blocks to Energean in $260M deal
Chevron is selling its stakes in two offshore Angola oil blocks to Energean for $260 million, marking the US major's latest portfolio trim.
South African trio sells stablecoin startup BVNK to Mastercard for $1.8 billion, becoming instant billionaires
South African co-founders Jesse Hemson-Struthers, Donald Jackson and Chris Harmse have sold stablecoin startup BVNK to Mastercard for up to $1.8 billion.
Dis-Chem founders' sons Mark and Dan Saltzman sold $37.9 million in shares months after inheriting a $400 million stake
Mark and Dan Saltzman have sold R642 million ($37.9 million) in Dis-Chem shares months after inheriting a R6.8 billion stake from their parents.
Woolworths CEO Roy Bagattini seals in2food deal to control its premium meals supply chain
Woolworths is buying 100% of in2food Holdings from its founders and Old Mutual Private Equity in a cash deal expected to lift earnings immediately.
Sanctioned Zimbabwean tycoon Kudakwashe Tagwirei paid $1.8 million for President Mnangagwa's old Aston Martin at a charity auction
Sanctioned tycoon Kudakwashe Tagwirei paid $1.8 million for President Mnangagwa's old car at a Harare auction, then donated it back.
Patrice Motsepe emerges as top pick to lead ANC and become South Africa's next president
Billionaire Patrice Motsepe is the frontrunner to lead the ANC and become South Africa's next president, according to a leading political analyst.