Evidence emerges that Zanu PF held a secret 45 percent stake in tycoon Kudakwashe Tagwirei's Sakunda Holdings
Leaked financial records partially support claims that Zanu PF held a hidden 45 percent stake in Kudakwashe Tagwirei's Sakunda Holdings.
Southern Africa
Angolan tycoon Álvaro Sobrinho suspected of bribing Lisbon Appeal Court judge to free impounded property empire
Angolan-Portuguese businessman Álvaro Sobrinho is suspected of paying a Lisbon appeal court judge to release his impounded 80 million euro property empire.
South Africa's Mining BEE has created 46 billionaires whose identities the public does not know — Report
South Africa's mining BEE program has created at least 46 billionaires, but their names and accumulated wealth remain hidden from public view.
Residents of Jamestown, the old community hemmed in by Stellenbosch's billionaire estates, march against a mayor who didn't show up to collect their petition
Residents of Jamestown, a historic community inside South Africa's wealthiest municipality, marched on May 1 against gentrification and municipal neglect as the mayor failed to show up for their petition.
Discovery founder Adrian Gore joins Business Leadership South Africa board
Discovery founder and CEO Adrian Gore has been appointed to the new Business Leadership South Africa board as the organisation enters a fresh three-year cycle with new members.
South African billionaire Sandile Zungu, ex-Glencore trader Jason Kluk to take over Sumitomo's failed Madagascar nickel mine
Former Glencore nickel trader Jason Kluk and South African billionaire Sandile Zungu are acquiring Sumitomo's 54% stake in Madagascar's Ambatovy nickel mine, which has cost the Japanese company $2.6 billion in cumulative losses.
UAE-based African Rail is raising $170 million to run freight trains on South Africa's broken rail network
UAE-based African Rail Co. is raising $170 million to buy locomotives and wagons for South Africa's newly privatized freight rail network, targeting the Durban and Mozambique corridors.
South African tycoon Tshepo Mahloele will collect $22 million from Capitec's record dividend
Tshepo Mahloele will collect $22 million from Capitec's record R9.27 billion dividend, despite recently selling $840 million worth of shares and cutting his stake to 3.85%.
Gauteng's ultra-wealthy are keeping their Johannesburg mansions and buying R60 million Cape Town retreats rather than choosing between the two cities
Gauteng's ultra-wealthy are not choosing between Johannesburg and Cape Town. They are keeping R20-R40 million Joburg primary homes and buying R60 million coastal retreats alongside them.
South African billionaire Koos Bekker loses $500 million as Naspers and Prosus slide 24% this year
Koos Bekker has lost nearly $500 million in 2026 as Naspers and Prosus shares fell more than 24%, erasing a January peak.
South African banking giant Absa Group's Kenny Fihla earns $7.6 million in first year as CEO
Absa Group CEO Kenny Fihla received R128 million ($7.6 million) in total remuneration in 2025, with buyout awards replacing forfeited Standard Bank incentives making up the bulk of the package.
Brett and Mark Levy built Blu Label into South Africa's invisible infrastructure and it moves R108 billion a year
Brett and Mark Levy's Blu Label Unlimited moves R108 billion a year as South Africa's dominant distributor of prepaid electricity and airtime, serving 35 million customers monthly.
Johann Rupert's Remgro faces $2.3 billion valuation gap as unlisted assets weigh on stock
South African billionaire Johann Rupert's flagship Remgro is trading at a 45.9% discount to its net asset value, leaving a R38 billion valuation gap.
South African billionaire Patrice Motsepe's ARM seals Boliden off-take deal that could restart Nkomati nickel mine
Patrice Motsepe's African Rainbow Minerals has signed a conditional nickel off-take deal with Sweden's Boliden, opening the door to restarting its mothballed Nkomati mine.
Johann Rupert's stepchild Reinet now sits on R128 billion in assets
Johann Rupert's Luxembourg-based Reinet Fund has lifted its net asset value to €6.60 billion, or R128 billion, even after shedding stakes in BAT and PICG.
South African billionaire Patrice Motsepe's ARM seals nickel off-take deal with Boliden to restart mothballed Nkomati mine
Patrice Motsepe's ARM has signed a nickel off-take deal with Sweden's Boliden to restart the mothballed Nkomati mine.