Botswana retailer Sefalana reports half-year profit slip under Chandra Chauhan
Sales climbed to 5.82 billion pula, but profit fell, as Chandra Chauhan’s Sefalana keeps building its retail footprint across southern Africa.
Southern Africa
South Africa's Datatec acquires Slovenia cybersecurity distributor Real Security to expand Balkans reach
Datatec says it has bought Slovenia based Real Security, giving Westcon Comstor a Balkans foothold as cybersecurity spending and channel demand grow.
Strive Masiyiwa’s Cassava faces renewed debt scrutiny as Econet Zimbabwe plans to delist
Bondholders can’t touch Econet Zimbabwe’s cash, and now the telecom wants to leave the stock market, raising new questions about Cassava’s debts.
Accelerate continues major sales following South African mogul Michael Georgiou’s exit
Michael Georgiou continues major property sales, raising R88 million as it trims debt post-Michael Georgiou departure.
Trustco faces board shake-up as Riskowitz fund calls shareholder meeting to remove founder Quinton van Rooyen
Riskowitz Value Fund has called a Feb. 16 meeting to replace Trustco’s board, escalating a long, messy fight with founder Quinton van Rooyen.
South African executive Laurence Rapp-led Vukile sells Spanish retail parks for $334 million
South Africa’s Vukile sells Spanish retail parks for $334 million, marking a full exit and refocusing on higher-growth shopping centers.
Patrice Motsepe’s African Rainbow Minerals takes trademark fight to South Africa tribunal over lookalike company names
African Rainbow Minerals is challenging companies it says are riding on its name, arguing their brands could mislead the public and investors.
Stanlib moves to buy Strive Masiyiwa's Africa Data Centres as South Africa regulators back the deal
Stanlib wants to buy Cassava’s Africa Data Centres after regulators recommended approval, a deal that could reshape South Africa’s fast growing data center market.
Barloworld pays $1.36 million to South African executive Dominic Sewela
Barloworld paid CEO Dominic Sewela $1.36 million in cash to close out long-term incentive awards after company’s change of control.
Discovery’s Adrian Gore warns South Africa: don’t squander the green shoots
Adrian Gore says South Africa is finally seeing green shoots, but warns careless policy moves and weak execution could waste a rare reform window.
Richer than ever: Patrice Motsepe’s net worth hits $4.3 billion as gold tops $5,100
South African billionaire Patrice Motsepe climbs to $4.3 billion as gold soars past $5,100, lifting his mining fortune.
Lakshmi Mittal reopens South Africa exit talks as state lender weighs takeover of ArcelorMittal unit
Lakshmi Mittal has reopened talks with South Africa’s IDC on a potential takeover of ArcelorMittal’s local steel unit after earlier talks collapsed.
MTN, led by Zimbabwean executive Ralph Mupita, drawn into Iran shutdown
MTN, led by Zimbabwean executive Ralph Mupita, is caught in Iran’s internet shutdown after officials replaced its local chief without notice.
Shoprite, partly owned by Christo Wiese, hits 100th solar site, seeks new partners
Shoprite reaches its 100th solar site in South Africa, boosting renewable power while seeking new energy wheeling partners.
South African billionaire Johann Rupert’s Richement sells Baume & Mercier
South African billionaire Johann Rupert’s Richemont sells Baume & Mercier to Italy’s Damiani Group as luxury portfolios shift.
Patrice Motsepe joins world’s top 1,000 richest as net worth tops $4 billion
Patrice Motsepe enters the world’s top 1,000 richest as his net worth climbs above $4 billion, driven by gains in mining and investments.