Tag: Featured

Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBusinessExclusive

Glencore holds South African executive Gary Nagle’s 2026 base pay at $2 million

Glencore keeps Gary Nagle’s base salary at $2 million in 2026, maintaining a long-term pay policy tied to performance and ESG targets.

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South Africa corruption probe
Hot NewsBusiness

South Africa probes $3 billion police software scandal amid fraud allegations

South Africa’s policing procurement system faces scrutiny over alleged R50 billion ($3 billion) SAPS software scandal now before the Madlanga Commission probe.

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South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South Africa’s richest man Johann Rupert nears $19 billion after $1 billion rebound

Richemont shares rise 4.5 percent, boosting Johann Rupert’s wealth by nearly $1 billion and lifting net worth close to $19 billion.

Omokolade Ajayi Omokolade Ajayi
Thom Mpinganjira FDH Bank stake decline
BusinessHot News

Malawian businessman Thom Mpinganjira’s FDH Bank stake slips to $890 million, from over $1 billion

Thom Mpinganjira’s FDH Bank stake drops below $1 billion after share price slide erases over $80 million in 2026.

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Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusinessGlobal News

Sim Tshabalala leads Standard Bank to top spot as Africa’s most valuable bank with $32 billion market cap

Standard Bank becomes Africa’s most valuable bank under South African banking executive Sim Tshabalala as market cap rises above $32 billion.

Omokolade Ajayi Omokolade Ajayi
African tourism revenue 2025
Hot NewsTourism

Top 5 African countries by tourism revenue in 2025

Africa’s tourism revenue surges in 2025, led by Egypt, Morocco, South Africa, Tanzania, and Kenya’s strong recovery and growth.

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Datatec dividend Jens Montanana
Hot NewsBusinessTechnology

South African tycoon Jens Montanana set for $11 million Datatec dividend

Datatec declares $56.9 million dividend, lifting Jens Montanana’s payout to $11 million after strong 2026 earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank Group
BusinessHot News

How Standard Bank Group quietly anchors Africa’s $16 billion deal economy

Standard Bank is shaping Africa’s $16 billion deal economy, structuring major financings, sovereign issuances and cross-border capital flows.

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Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
Hot NewsBusiness

Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Ladi Jadesimi’s 5.27 percent stake in Aradel has climbed to $295.5 million as shares surge 164 percent in Nigeria’s energy sector rally.

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Oriental Weavers reported stronger first-quarter 2026 earnings as exports and lower production costs supported growth at the Egyptian carpet manufacturer.
BusinessHot News

Oriental Weavers Q1 2026 profit rises to $17.1 million on lower costs, higher exports

Oriental Weavers reports first-quarter 2026 profit of $17.1 million as revenue rises and exports strengthen amid lower production costs.

Omokolade Ajayi Omokolade Ajayi
Altron FY2026 earnings results
BusinessHot NewsTechnology

South Africa’s Altron posts $587 million revenue as platform businesses drive $50 million profit 

Altron posts $587 million revenue and $50 million profit for FY ended Feb. 28, 2026 driven by digital platform businesses and recurring revenue growth.

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Equity Group headquarters in Nairobi, Kenya.
Hot NewsBusiness

Equity Group’s Q1 2026 profit jumps 24 percent to $150 million on regional growth

Equity Group Q1 2026 profit rises 24 percent to $150 million on strong regional banking and digital income growth across East Africa.

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