Ralph Mupita: From astronaut dreams to leading Africa’s largest telecom
Ralph Mupita, the CEO and President of MTN Group, has been in the spotlight after allegations of misconduct and...
Southern Africa
End of the road for Sekunjalo Group as court backs Nedbank
South Africa’s Constitutional Court has unanimously dismissed an appeal by Sekunjalo Group, a private holding company founded by billionaire...
Sanlam buys 25% stake in Patrice Motsepe’s financial firm
This acquisition will involve a combination of a cash subscription and an asset transfer. Specifically, Sanlam will pay R2.41...
Shoprite sells its furniture unit to Pepkor for $178.2 million
Shoprite's decision to sell its furniture business comes as the company seeks to reallocate resources and focus on its...
Boxer IPO: A lifeline for South African Pick n Pay?
Pick n Pay, a major South African grocery retailer, is aiming to raise up to 8 billion rand ($453...
Johann Rupert overtakes Dangote to become Africa’s richest man
South African billionaire Johann Rupert has overtaken Nigerian tycoon Aliko Dangote to become Africa’s richest man, according to the...
South Africa’s leading second-hand clothing marketplace Yaga to expand into Kenya and Nigeria
South Africa’s leading marketplace for second-hand clothing, Yaga, has announced plans to expand its operations into Kenya and Nigeria,...
Sibanye Stillwater’s lifeline: Can a $101 million gold deal turn the tide?
South African mining giant Sibanye Stillwater has secured a 1.8 billion rand ($101 million) gold prepayment deal, a lifeline...
Stephen Saad: The sportsman who built Africa’s largest pharmaceutical empire
In his youth, Stephen Saad envisioned himself either as a professional sportsman or a game ranger, never imagining that...
Why South African engineering firm Aveng is splitting into two companies
Multinational JSE-listed, engineering-led contractor Aveng has announced plans to divide its operations into two separate entities: McConnell Dowell and...