Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

How Whitey Basson transformed Shoprite from eight stores into Africa’s largest retailer through acquisitions, expansion, and a focus on affordability.

Feyisayo Ajayi July 26, 2026

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Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Hilton’s $100 million Lusaka hotel project, backed by Asmara Holdings, signals rising investor confidence in Zambia’s hospitality sector.

Feyisayo Ajayi July 25, 2026

Hot News Billionaires Business

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Elon Musk's fortune drops $601 billion as SpaceX shares crash 50 percent from their peak, triggering $15.5 billion in short-seller gains.

Omokolade Ajayi July 25, 2026

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Heirs Holdings’ portfolio companies earn international recognition across industries

Heirs Holdings companies Transcorp, AEDC, and Redtech rank among Africa's top performers as Tony Elumelu's Africapitalism model scales.

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South African billionaire and Dis-Chem pharmacies co-founder Ivan Saltzman

Business Billionaires

South African billionaire Ivan Saltzman exits Dis-Chem board after 48 years

Dis-Chem founder Ivan Saltzman leaves the board after 48 years as South Africa's pharmacy retailer enters a new chapter.

Timilehin Adejumobi July 25, 2026

Tag: Nestlé

Nestlé takes full ownership of Yfood in new CEO’s first acquisition

Over 400 Nestlé employees in South Africa face layoffs

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Heirs Holdings’ portfolio companies earn international recognition across industries

South African billionaire Ivan Saltzman exits Dis-Chem board after 48 years

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

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