Tag: JSE

Chris Seabrooke, CEO of Sabvest Capital Ltd.
BusinessHot News

South African businessman Christopher Seabrooke’s stake in Sabvest tops $150 million

Christopher Seabrooke Sabvest stake climbs above $150 million as JSE gains and 2025 results lift investor confidence in Sabvest Capital.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Capitec’s former CEO Gerrie Fourie pockets $9.4 million in 2026 pay package 

Capitec former CEO Gerrie Fourie pay package 2026 totals $9.4 million after strong earnings, governance transition and board return.

Timilehin Adejumobi Timilehin Adejumobi
Giovanni Ravazzotti, founder and chairman of Italtile
BusinessHot News

South Africa businessman Giovanni Ravazzotti’s Italtile stake tops $400 million

Giovanni Ravazzotti's stake in Italtile tops $400 million as JSE rebound lifts valuation amid cautious South African retail recovery.

Timilehin Adejumobi Timilehin Adejumobi
Chris Seabrooke, CEO of Sabvest Capital Ltd.
BusinessHot News

Sabvest Capital CEO Christopher Seabrooke takes $1.9 million pay in 2025

Christopher Seabrooke Sabvest pay totals $1.9 million as Sabvest Capital posts stronger 2025 earnings and asset growth.

Timilehin Adejumobi Timilehin Adejumobi
Stephen Brookes, CEO of Balwin Properties
BusinessHot News

South African tycoon Stephen Brookes gains over $10 million from Balwin stake

Stephen Brookes' Balwin stake jumps over $10 million as Balwin Properties shares rally on a proposed buyout and delisting plan.

Timilehin Adejumobi Timilehin Adejumobi
Alan Dickson
BusinessHot News

South Africa’s AECI names Alan Dickson as new group CEO

South African chemicals and explosives group AECI has appointed Alan Dickson as its new Group Chief Executive Officer and executive director, selecting a long-time industrial executive to steer the company through its next phase of restructuring and growth.  The appointment, effective July 1, 2026, follows a board-led selection process overseen by AECI’s nominations, governance and directors affairs committee. Dickson will…

Oluwatosin Alao Oluwatosin Alao
Vukile Property Fund
BusinessHot News

South Africa’s Vukile raises $168 million for Italy expansion

South Africa’s Vukile raised $168 million on the JSE to fund Italy retail acquisitions and expand its European footprint.

Timilehin Adejumobi Timilehin Adejumobi
Fortress Real Estate Investment Team
BusinessHot News

South Africa’s Fortress REIT raises $97 million in landmark bond deal

Fortress REIT secures $97 million in a landmark Zaronia-linked bond, signaling investor confidence and a shift in South Africa’s debt markets.

Timilehin Adejumobi Timilehin Adejumobi
MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusiness

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit and free cash flow jumps 215 percent.

Omokolade Ajayi Omokolade Ajayi
SPAR moves to rebuild revenue
BusinessTechnology

Spar faces investor exit after $250 million value loss in a week

South Africa’s retail sector is under renewed strain after Spar Group lost about $250 million in market value in a week, sending its shares to a 16-year low and unsettling investors on the Johannesburg Stock Exchange.  The sharp decline follows a wave of selling that has erased nearly a quarter of the grocery retailer’s market capitalization since last Friday. The…

Oluwatosin Alao Oluwatosin Alao
Gold Fields’ mining operation in South Africa.
BusinessHot News

Johannesburg-based Gold Fields overtakes Naspers as Africa’s most valuable company

Gold Fields has overtaken Naspers as Africa’s most valuable company after a gold price rally lifted mining stocks on the JSE.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Africa’s 20 most valuable companies in September 2024

At a Glance South Africa dominates Africa’s top companies list, reflecting its economic and industrial strength on the continent. Naspers Limited leads as Africa’s most valuable company with a $36.2 billion market cap, showcasing global tech prowess. Of 20 top companies, 17 are South African, while Morocco, with a 3.4% GDP growth, highlights its rising economic influence. A glance at…

Omokolade Ajayi Omokolade Ajayi