Sanlam completes $66.4 million acquisition of MultiChoice insurance unit
The move, positions Sanlam to leverage MultiChoice’s broad subscriber base and payment systems to expand its financial services offerings across Africa.
Southern Africa
Nedbank commits $662 million to expand across Africa
South African financial giant, Nedbank, targets fourfold profit growth from African markets by 2029.
Sanlam’s net inflows surge to $2.2 billion despite two-pot retirement withdrawals
Resilient performance showcases double-digit growth across key metrics and strong global expansion.
Capitec partners with Cisco to transform banking for 23 million clients
Capitec Bank collaborates with Cisco to enhance digital infrastructure and improve customer experience.
Barloworld in talks to sell African Caterpillar business to Zahid Group-led consortium
The potential deal could reshape Africa's heavy equipment market.
South Africa's Ackerman family sees Pick n Pay stake nears $180 million
This offsets earlier losses of $20.15 million between Oct. 7 and 20, when the family’s stake fell from $206.91 million to $186.75 million.
Motsepe sees $100-million wealth boost amid $195-million lawsuit in Tanzania
This marks a $300 million increase in Motsepe's fortune so far in 2024, up from $200 million at the start of November.
Brait reports $56.45-million profit in first half of 2025 fiscal year
Brait demonstrated notable resilience, with significant profitability and revenue growth.
Adrian Gore’s stake in Discovery tops $500 million
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
TFG takes on Shein, Amazon with faster delivery in South Africa
TFG aims to slash delivery times, setting itself apart from rivals whose shipments to South Africa often stretch to 10 days.
Masiyiwa’s Liquid extends partnership with Western Cape Government in $111-million deal
Liquid aims to improve internet access, supporting mobile learning, job creation, and entrepreneurship.
Pick 'n Pay’s Boxer subsidiary prepares for historic JSE listing
Discount grocery chain Boxer to launch IPO on Johannesburg Stock Exchange, aiming to raise substantial capital for expansion.
Giovanni Ravazzotti’s stake in Italtile nears $570 million as shares surge
Italtile’s market surge boosts Ravazzotti’s net worth by $24.82 million in just 15 days.
Vodacom posts $4.1-billion revenue in H1 2024
Despite this growth, profitability faced challenges due to currency fluctuations in key markets such as Egypt and Ethiopia, which put pressure on service revenue.
Sibanye-Stillwater secures wage deal with South African gold workers
The deal, announced on Monday, concludes negotiations that began on July 1, 2024, with labor unions representing workers at the Beatrix, Driefontein, and Kloof mines.
Richemont posts mixed Q3 results amid challenging global market conditions
Chinese demand slowdown weighs on overall performance, while other regions show resilience.