South African executive Gus Attridge loses $10 million as Aspen shares fall
South African pharma leader Gus Attridge sees a $10.7 million drop in his Aspen stake as the drugmaker’s shares slide and investor concerns deepen in 2025.
Southern Africa
South African billionaire Ackerman family set to offload Pick n Pay shares
The Ackerman family plans to sell up to 8.5 percent of Pick n Pay shares to support the retailer’s turnaround efforts.
UK firm seeks 40 percent of $40.7 million settlement from ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate faces a new court battle as UK company seeks $16.2 million of his $40.7 million Vodacom settlement.
South African executive Fraser-Moleketi drives Tiger Brands’ $76 million Chococam exit
Tiger Brands, chaired by Geraldine Fraser-Moleketi, sells its 74.69% stake in Cameroon’s Chococam for $76 million, part of its global portfolio restructuring.
iFood, backed by Koos Bekker-led Prosus, buys Advolve to boost ads growth
iFood acquires Advolve to accelerate its ads growth and strengthen Prosus’s retail-media expansion.
Zimbabwean billionaire Strive Masiyiwa’s Cassava raises $150 million for AI expansion
Cassava raises $150 million and gains NVIDIA support to expand AI infrastructure across Africa.
South African banker Mary Vilakazi-led FirstRand secures $310 million AfDB funding
FirstRand gains $310 million from AfDB to expand credit access for MSMEs, women entrepreneurs and farmers in South Africa.
South African tycoon Barry Swartzberg’s Discovery stake rises by $18.5 million
Barry Swartzberg’s stake in Discovery Limited rises by $18.5 million as shares gain 5.57% on the JSE, signaling renewed investor confidence in 2025.
Vodacom, led by Shameel Joosub, partners with Starlink to expand Africa internet
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.
Patrice Motsepe eyes Assmang millions as ARM haggles over dividend
African Rainbow Minerals is still negotiating how much cash it can unlock from Assmang, its manganese and iron-ore JV, after profits slumped.
Malawian billionaire Hitesh Anadkat’s FMB stake tops $2 billion
Hitesh Anadkat’s stake in FMB Capital tops $2 billion, driven by soaring shares and the bank’s growth across Southern Africa.
Zimbabwe’s Strive Masiyiwa launches Africa’s first multi-model AI platform
Strive Masiyiwa’s Cassava Technologies unveils Africa’s first multi-model AI platform, expanding access to advanced AI tools.
Barloworld, led by Dominic Sewela clears last hurdle in $1.3 billion buyout
Barloworld, led by Dominic Sewela, secures final approval for Newco’s $1.3 billion buyout, paving the way for JSE delisting.
Indian billionaire Anil Agarwal’s Vedanta commits $1.5 billion to Zambian mine
Vedanta, led by billionaire Anil Agarwal, plans $1.5B investment to boost Konkola copper mine output in Zambia by 2031.
South African mining tycoon Neal Froneman gains $6 million from Sibanye stake
Neal Froneman gains $6 million from his stake in Sibanye-Stillwater as the company's shares surge 221 percent in 2025.
Johann Rupert, South Africa’s richest man, loses nearly $1 billion in two weeks
Johann Rupert’s net worth falls nearly $1 billion as Richemont shares drop after EU fines on Chloé and other luxury brands.