Anglo American, led by South Africa’s Duncan Wanblad, to resume coal mine sales in early 2026
Anglo American will resume selling its Australian coal mines after a halted $3.8 billion deal, while pursuing a $50 billion merger with Teck Resources.
Southern Africa
Botswana magnate Chandra Chauhan leads Sefalana Group to record $800 million revenue
Chandra Chauhan’s Sefalana Group posts record $800 million revenue, driven by growth in retail and manufacturing across southern Africa.
South African tycoon Adrian Gore’s Discovery Bank plans move into business banking
Discovery Bank, the digital lender backed by Adrian Gore’s Discovery Limited, is moving into SME banking to drive growth and reach R3 billion profit by 2029.
Discovery co-founder Barry Swartzberg loses $40.7 million in share slump
South African tycoon Barry Swartzberg, co-founder of Discovery Limited, has seen his stake drop by $40 million as the insurer’s shares dip on the JSE.
Sanlam, backed by billionaire Motsepe, to acquire medical devices firm Medhold
Sanlam, backed by South African billionaire Patrice Motsepe, is acquiring Old Mutual’s Medhold, expanding its footprint in Africa’s fast-growing healthcare sector.
Discovery CEO Adrian Gore, top executives cash out $5 million in shares
Discovery CEO Adrian Gore and senior executives offloaded nearly R100 million in shares, sparking debate over insider sentiment at the South African financial giant.
FirstRand, led by Mary Vilakazi, flags $14.7 billion U.K. car loan payout risk
FirstRand, led by South African banker Mary Vilakazi, flags UK plan that may cost lenders £11 billion, surpassing earlier estimates.
Shoprite shares fall, costing South African billionaire Christo Wiese $40 million
Christo Wiese loses $43.7 million after Shoprite shares dip, highlighting strain in South Africa’s retail sector.
Patrice Motsepe’s fortune tops $3.5 billion as gold prices hit all-time high
South African billionaire Patrice Motsepe’s net worth rebounds above $3.5 billion as gold prices surge past $4,000 per ounce.
Glencore, led by Gary Nagle, gets $395 million Australian backing for copper smelter
Glencore secures $395 million Australian support to keep Mount Isa copper smelter operational and boost critical mineral supply.
Aspen’s market slide wipes $20 million off Stephen Saad’s stake
Stephen Saad’s Aspen Pharmacare stake drops by $20 million as the company’s stock slips 6 percent on the Johannesburg Stock Exchange (JSE).
Adrian Gore’s Discovery Green inks 20-year deal to power mines
Discovery Green and Glencore sign a 20-year renewable deal to power South African mines and reduce carbon emissions.
South African tycoon Stephen Brookes’ Balwin hit by Airbnb court dispute
Balwin, led by South African tycoon Stephen Brookes, faces legal fight as Airbnb rentals divide Blyde Estate homeowners, investors, and developers.
South African billionaire heir Hanneli Rupert is building Africa’s next luxury brand—on her terms
Born to South African luxury royalty, Hanneli Rupert is building an ethically minded brand—and network—on her own terms.
South Africa’s Datatec arm Logicalis buys UK consultancy to boost services
Logicalis UK&I acquires Q Associates to bolster advisory and consultancy strengths, reinforcing Datatec’s push deeper into services-led growth.
Raxio, led by Danish executive Robert Skjødt, unveils Angola’s largest data center
Raxio Group, led by Danish executive Robert Skjødt, launches Angola’s largest data center, boosting digital capacity and internet speed.