Hlengiwe Spencer
BusinessExecutivesHot NewsLatest

South Africa’s CMH appoints board replacement as Hlengiwe Spencer departs

South Africa’s Combined Motor Holdings appoints MI Pitso to replace Hlengiwe Spencer on its board, effective October 16, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Letshego
BusinessBankingHot NewsLatest

Letshego’s $58 million rights offer aims to cut debt, strengthen balance sheet

Letshego launches a $58 million rights offer, fully underwritten by BPOPF, to cut debt, strengthen its balance sheet and support…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank Office
BusinessCompaniesHot News

South Africa’s Standard Bank backs Nigeria-focused OPay with $185 million

The deal lands as OPay formally filed registration paperwork on Friday to trade American depositary shares.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
ExclusiveBusinessExecutivesHot News

Mpumi Madisa’s six-year Bidvest turnaround takes profit to $395 million from $11 million loss

Bidvest reported a profit for the year of R6.53 billion ($395.4 million) for the year ended June 30, 2026, reversing…

Omokolade Ajayi Omokolade Ajayi
CEO Fani Titi
ExecutivesBusinessHot News

CEO Fani Titi’s Investec stake nears $3 million as executive share awards vest

The increase reflects shares awarded under executive incentive schemes rather than purchases on the open market.

Omokolade Ajayi Omokolade Ajayi
Airtel Money IPO
TechnologyFintechHot NewsLatest

Airtel Money sets October 14 for London listing amid valuation pressure

Airtel Money targets an October 14 London Stock Exchange listing as valuation concerns weigh on its fundraising ambitions and investor…

Feyisayo Ajayi Feyisayo Ajayi
Mike Teke, former teacher turned mining executive, leading Seriti Resources in South Africa’s coal and energy industry.
BusinessHot NewsLatestMining

Seriti Resources founder Mike Teke sees South Africa mining coal until 2050

Seriti Resources founder Mike Teke expects South Africa to mine coal until 2050, despite climate concerns and the country's shift…

Feyisayo Ajayi Feyisayo Ajayi
OUTsurance CEO, Marthinus Visser
BusinessExecutivesHot News

Outsurance Group CEO Marthinus Visser takes $5 million pay in 2026

OUTsurance CEO Marthinus Visser earned $5.04 million in 2026, up 57.06%, as profit rose 28.41% to R6.18 billion ($374.45 million).

Feyisayo Ajayi Feyisayo Ajayi
Ninety One CEO Hendrik du Toit
BusinessInvestments

Ninety One plans to back infrastructure projects to revive Johannesburg 

“The major city in the country needs to be turned around,” Ninety One CEO Hendrik du Toit said in an…

Timilehin Adejumobi Timilehin Adejumobi
Orion Minerals
BusinessHot NewsInvestmentsMining

Orion Minerals’ longtime investor Tembo Capital exits after nearly 10 years

Orion Minerals’ longtime investor Tembo Capital has exited after nearly a decade, as new shareholders back its Prieska copper-zinc mine…

Feyisayo Ajayi Feyisayo Ajayi
VA-waterfront-in-Cape-Town
TourismHot News

V&A Waterfront posts $86.7 million festive sales as major expansion advances   

V&A Waterfront posts $86.7 million in festive sales, attracting 3 million visitors amid major expansion and hotel growth.

African Rail Company
BusinessHot News

African Rail Co. backs South Africa freight rail expansion with $170 million

African Rail Co. plans a $170 million investment to expand freight rail services across South Africa and Southern Africa.

Hlengiwe Spencer
BusinessExecutivesHot NewsLatest

South Africa’s CMH appoints board replacement as Hlengiwe Spencer departs

South Africa’s Combined Motor Holdings appoints MI Pitso to replace Hlengiwe Spencer on its board, effective October 16, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Letshego
BusinessBankingHot NewsLatest

Letshego’s $58 million rights offer aims to cut debt, strengthen balance sheet

Letshego launches a $58 million rights offer, fully underwritten by BPOPF, to cut debt, strengthen its balance sheet and support restructuring.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank Office
BusinessCompaniesHot News

South Africa’s Standard Bank backs Nigeria-focused OPay with $185 million

Standard Bank is backing Nigeria-focused fintech giant OPay with a $185 million investment as the payments operator prepares for a New York listing.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
ExclusiveBusinessExecutivesHot News

Mpumi Madisa’s six-year Bidvest turnaround takes profit to $395 million from $11 million loss

Mpumi Madisa’s six-year Bidvest turnaround lifted profit from an $11.3 million loss to $395.4 million, as revenue and international operations grew.

Omokolade Ajayi Omokolade Ajayi
CEO Fani Titi
ExecutivesBusinessHot News

CEO Fani Titi’s Investec stake nears $3 million as executive share awards vest

Investec CEO Fani Titi’s stake rises to 384,704 shares valued at $2.96 million as executive incentive awards vest.

Omokolade Ajayi Omokolade Ajayi
Airtel Money IPO
TechnologyFintechHot NewsLatest

Airtel Money sets October 14 for London listing amid valuation pressure

Airtel Money targets an October 14 London Stock Exchange listing as valuation concerns weigh on its fundraising ambitions and investor demand.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot NewsInvestments

Nigerian billionaire Tony Elumelu urges investors in Paris to fund Africa’s future

Tony Elumelu challenges global financiers in Paris to invest directly in young African founders, moving past foreign aid into real enterprise.

Omokolade Ajayi Omokolade Ajayi
Naguib Sawiris
InvestmentsBillionairesLatest

Billionaire Naguib Sawiris deepens Egypt gold bet with 5 new blocks as Wa’al nears key study

Billionaire Naguib Sawiris is expanding his Egypt gold portfolio with five new exploration bids as the Wa’al project nears a key study.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

Omokolade Ajayi Omokolade Ajayi
The Grasslands National Park
TourismBusiness

South Africa expands its nature tourism offering with new national park

South Africa declares a 10,000-hectare Eastern Cape national park to protect grasslands, secure water supplies and support cattle farmers.

Oluwatosin Alao Oluwatosin Alao
Zanzibar Serena Hotel
LifestyleLuxury

Zanzibar Serena Hotel blends Swahili heritage with oceanfront luxury

Zanzibar Serena Hotel pairs restored Stone Town heritage, Swahili design, Indian Ocean views, seafood dining and spa experiences.

Timilehin Adejumobi Timilehin Adejumobi
De Beers
BusinessLuxury

De Beers bets on India with plan for 100 Forevermark stores by 2030      

De Beers plans 100 Forevermark stores in India by 2030 as younger consumers fuel demand for diamond jewelry.

Timilehin Adejumobi Timilehin Adejumobi