Omokolade Ajayi

986 Articles
Gold Fields’ mining operation in South Africa.
BusinessHot News

How South Africa’s Gold Fields pulled off a $12.5 billion comeback

Gold Fields staged a $12.5 billion market rebound in six weeks, driven by higher realized gold prices and strong first-half earnings.

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South African executive Mpumi Madisa
BusinessHot News

Mpumi Madisa steers Bidvest to $810 million trading profit, lifts dividend

Mpumi Madisa leads Bidvest to $810.3 million trading profit as strong cash flow supports a 6.6% dividend increase.

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Truworths International
BusinessHot News

Truworths full-year profit falls to $165 million as fuel costs squeeze consumer spending

Truworths International’s full-year net profit fell 4.7 percent to $165 million as fuel costs and weaker consumer spending weighed on sales.

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Changan
TechnologyBusinessHot News

Chinese automakers step up South Africa electric vehicle push

Chinese automakers are expanding electric, hybrid and pickup offerings in South Africa, challenging Toyota, Ford and Isuzu.

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Drake
EntertainmentBusinessHot News

Drake sells majority stake in his lifestyle brand OVO to Authentic Brands Group

Drake has sold a majority stake in OVO to Authentic Brands Group while retaining a minority stake and creative role in the lifestyle brand.

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NBA legend Kevin Durant
SportsBusinessHot News

Kevin Durant in line for $60 million payout in reported Hugging Face deal

Kevin Durant could earn $60 million from his early Hugging Face investment if Nvidia completes its reported $12.9 billion acquisition.

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Nigerian politician Abdulaziz Yari.
ExclusiveBillionairesBusiness

Abdulaziz Yari: From N84 billion fraud probe to N1.08 trillion Geregu Power buyout

Sen. Abdulaziz Yari leads Geregu Power after a N1.08 trillion ($793 million) buyout, marking a shift from past EFCC probes to corporate leadership.

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From small beginnings in 1967, as a Polokwane-based family business, Moolman Group has grown into a major property investment firm managing portfolios across South Africa and abroad.
BusinessHot News

How South Africa’s Moolman family unlocked $124 million from 9 mega malls

Moolman Group agreed to sell nine retail malls to Dipula Properties for $124 million, freeing up capital to fund a fresh pipeline of retail builds.

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Egyptian real estate tycoon Waleed Zaki
BusinessHot News

Egyptian real estate tycoon Waleed Zaki steers Pioneers to $16.7 million H1 profit

Pioneers Properties, led by Waleed Zaki , posted a 66.2 percent rise in first-half 2026 profit to $16.7 million.

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Beltone Holding
BusinessHot News

Egypt’s Beltone Holding profit falls 50% to $12.9 million despite revenue surge

Beltone Holding’s first-half profit fell 50 percent to $12.9 million despite revenue rising 125 percent to $283.4 million.

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South African billionaire Nicky Oppenheimer
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer adds $1B as wealth hits $15.5B

Nicky Oppenheimer adds $1 billion to his fortune, lifting his net worth to $15.5 billion as his family expands beyond diamonds.

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Globacom: 23 years of powering unlimited possibilities
TechnologyBusinessHot News

Globacom at 23: From Expensive SIM Cards to Mass Connectivity

Globacom marks 23 years, from costly SIM cards to nationwide connectivity, broadband expansion and AI-powered services.

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