Tag: South Africa

Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

South African billionaire Natie Kirsh enters top 200 richest after $29 billion sale

South African billionaire Natie Kirsh joins top 200 richest after $29 billion Jetro sale to Sysco, boosting his net worth to $15 billion.

Omokolade Ajayi Omokolade Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BusinessHot News

South African-born billionaire Natie Kirsh to sell U.S. business for $29.1 billion

South African-born billionaire Natie Kirsh to sell U.S. grocery chain Jetro to Sysco for $29.1 billion, creating a major food-service group.

Omokolade Ajayi Omokolade Ajayi
Lesotho pushes for higher royalties in water deal with South Africa as dams expand supply
BusinessTechnology

Lesotho pushes for better terms in key water deal with South Africa

Lesotho is preparing to renegotiate a decades-old water-sharing agreement with South Africa, a deal that contributes about 10% of the kingdom’s economy. Officials say talks could start as early as April, giving the small, landlocked nation a rare chance to press for improved terms with its much larger neighbor.  The agreement underpins the Lesotho Highlands Water Project (LHWP), a $3.1…

Oluwatosin Alao Oluwatosin Alao
Anna Mokgokong, South African businesswoman and executive chairperson of CIH, leading across healthcare, ICT, and mining.
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Anna Mokgokong: South African businesswoman behind billion-dollar investment group, CIH

From selling sandwiches to leading a $1.1 billion group, Anna Mokgokong rose to shape South Africa’s healthcare, mining, and ICT sectors.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Christo Wiese to receive $11.3 million dividend from Shoprite

South African billionaire Christo Wiese to receive $11.3 million interim dividend from Shoprite for his 10.67% stake.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Remgro posts $307 million half-year earnings; Mediclinic and Rainbow boost results

Remgro posts $307 million half-year earnings, boosted by Mediclinic, Rainbow Chicken, and strong portfolio performance.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

ADvTECH Group, Africa’s largest private education provider, reported its strongest results to date, crossing the $120 million mark in operating profit for the year ended Dec. 31, 2025. The company said operating profit rose 14 percent to R2.04 billion ($120.7 million), up from R1.8 billion ($106.5 million) a year earlier, as steady enrollment gains and measured fee increases supported growth…

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Sandile Zungu: KZN businessman behind South Africa’s $10 billion lottery, sports license

KwaZulu-Natal businessman Sandile Zungu leads South Africa’s $10 billion National Lottery and Sports Pools license.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

South Africa’s largest single-phase solar project secures Standard Bank backing

Standard Bank backs South Africa’s 475MW Notsi solar project, powering 140,000 homes and boosting Africa’s renewable growth.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

Gold slump cuts $700 million from South African billionaire Patrice Motsepe’s fortune

Patrice Motsepe loses $700 million as gold drops below $4,500, hitting mining stocks and cutting into his holdings in Harmony Gold and ARM.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Shoprite enters community banking, while Nigerian franchise shuts down

Shoprite acquires R&A Cellular, expanding neighborhood financial services, while its Nigerian operation under Tayo Amusan’s Ketron shuts down.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Exxaro Resources Limited reports $461 million earnings in 2025 as coal output, exports and disciplined costs support growth.

Omokolade Ajayi Omokolade Ajayi