Tag: Featured

Stefanutti Stocks order book
BusinessHot News

Stefanutti Stocks directors receive shares worth close to 1 million after FSP awards vest

Stefanutti Stocks directors receive shares worth R13.3 million ($823,368) after forfeitable awards vest and taxes are settled through treasury shares.

Feyisayo Ajayi Feyisayo Ajayi
Tim Draper
BillionairesBusinessHot NewsLuxury

Here is why billionaire investor Tim Draper is selling his stake in Tanzania’s Lupita Island for $7.9 million

Billionaire Tim Draper is seeking $7.9 million for his investment in Lupita Island, a luxury resort on Tanzania’s Lake Tanganyika.

Feyisayo Ajayi Feyisayo Ajayi
Absa named custodian of South Africa’s Government pension fund
BusinessHot News

Absa Bank wins bid to uphold summary judgment against Ivan Bjorkman’s Guesthouse

Absa Bank has upheld a summary judgment against Ivan Bjorkman and Her Majesty’s Guesthouse after a Gauteng High Court rescission bid failed.

Feyisayo Ajayi Feyisayo Ajayi
Jubilee Holdings Limited
BusinessHot News

Jubilee Holdings profit climbs to $27 million in H1 2026 as investments drive growth

Jubilee Holdings’ H1 2026 profit rose 12.7% to $27 million as investment income offset weaker insurance operations.

Feyisayo Ajayi Feyisayo Ajayi
ORA Developers UAE expansion
BusinessHot News

Orascom Investment eyes airport deals as Egypt prepares 11 airports for private partnerships

Orascom Investment is exploring airport deals as Egypt prepares to place 11 airports under private-sector management and attract new investors.

Feyisayo Ajayi Feyisayo Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
Devland
BusinessHot News

South Africa’s Gathoo brothers face $118 million tax dispute as court orders taxman to disclose Devland records 

South Africa’s Gathoo brothers win access to Devland tax records as they challenge a R1.9 billion ($118 million) SARS assessment in court.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman, Ponsiano Ngabirano
Hot NewsLuxury

Ugandan businessman Ponsiano Ngabirano’s Marriott franchise deal births 277-unit luxury hotel in Kampala ahead of AFCON

Ugandan businessman Ponsiano Ngabirano opens Kampala Marriott Hotel, adding 277 luxury units as Uganda prepares to co-host the 2027 Africa Cup of Nations.

Feyisayo Ajayi Feyisayo Ajayi
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.

Omokolade Ajayi Omokolade Ajayi