Tag: South Africa

South Africa mining tycoons
BusinessBillionairesHot News

10 richest mining tycoons in South Africa

South Africa’s top mining tycoons shape global markets, driving growth across energy, finance, and infrastructure sectors.

Feyisayo Ajayi Feyisayo Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi’s FirstRand stake tops $3.2 million as shares climb

Mary Vilakazi’s FirstRand stake tops $3.2 million following strong share price growth and a recovering rand this year.

Omokolade Ajayi Omokolade Ajayi
Ivan and Lynette Saltzman.
BillionairesBusinessHot News

Dis-Chem founders become South Africa’s newest billionaire family with $1.3 billion fortune

Dis-Chem founders Ivan and Lynette Saltzman become South Africa's newest billionaires with a $1.3 billion retail empire.

Omokolade Ajayi Omokolade Ajayi
Glencore Merafe to restart South African smelters after Eskom power deal
BusinessHot News

Glencore Merafe to restart South African smelters after Eskom power deal

Glencore Merafe will restart two South African ferrochrome smelters after securing a new Eskom power pricing agreement.

Oluwatosin Alao Oluwatosin Alao
South African executive Ciko Thomas.
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South African executive Ciko Thomas takes $1.8 million Nedbank pay

Ciko Thomas received R29.7 million ($1.8 million) in 2025 compensation as lower short-term bonuses offset a base salary bump.

Omokolade Ajayi Omokolade Ajayi
Malaysia’s MR.DIY deepens South Africa bet with 14-store plan
BusinessHot News

Malaysia’s MR.DIY deepens South Africa bet with 14-store plan

Malaysia's MR.DIY plans 14 South African stores by year-end, creating jobs and expanding its footprint in Africa's retail market.

Oluwatosin Alao Oluwatosin Alao
South African executive Nishlan Samujh.
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South African executive Nishlan Samujh’s pay package declines to $2.3 million at Investec

Nishlan Samujh's remuneration at Investec fell to $2.3 million in fiscal 2026 as lower incentive awards and revised executive pay policies reduced total compensation.

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
Hot NewsBusiness

FirstRand says $1 billion UK redress charge to cut annual earnings

FirstRand faces a $1.02 billion UK provision hit, but robust banking growth across South Africa and broader African markets keeps core earnings resilient.

Omokolade Ajayi Omokolade Ajayi
One of Tonino Lamborghini's assets.
LuxuryBusinessHot News

Tonino Lamborghini enters Africa with $60.5 million Zimbali Lakes project in South Africa

Tonino Lamborghini launches a $60.5 million hotel and branded residences project at Zimbali Lakes on South Africa’s North Coast.

Omokolade Ajayi Omokolade Ajayi
York Timber signs 10-year renewable energy deal with Discovery Green
BusinessHot News

South Africa’s York Timber signs 10-year green energy deal with Discovery Green

York Timber signs 10-year renewable energy deal with Discovery Green to cut costs, emissions, and boost sustainability in South Africa.

Oluwatosin Alao Oluwatosin Alao
Zambian economist Saviour Chibiya.
Hot NewsBusiness

Zambian economist Saviour Chibiya takes home $1.35 million from Absa Group

Saviour Chibiya saw his Absa Group pay rise to R22.17 million ($1.35 million) in 2025, driven by short-term performance incentives.

Omokolade Ajayi Omokolade Ajayi
The Pantry
LuxuryBusinessTourism

South Africa’s luxury petrol station attracts attention across Africa

South Africa's luxury petrol station blends fuel, dining and shopping, attracting visitors from across Africa.

Oluwatosin Alao Oluwatosin Alao