Tag: South Africa

South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man Johann Rupert loses $100 million as Richemont shares retreat

South African billionaire Johann Rupert loses $100 million as investors lock in gains from luxury group Richemont.

Omokolade Ajayi Omokolade Ajayi
Port of Cape Town
BusinessHot News

Port of Cape Town ranks last globally, sparking urgent privatization push

Cape Town urges Transnet reforms after Port of Cape Town ranks last in global index amid delays, equipment failures, and trade concerns.

Omokolade Ajayi Omokolade Ajayi
Prosus N.V
TechnologyBusinessHot News

Prosus projects 28% profit surge on Tencent, e-commerce gains

Prosus expects earnings growth up to 28 percent, driven by strong performance across its internet portfolio and Tencent gains.

Omokolade Ajayi Omokolade Ajayi
South African banking executive Andiswa Bata.
BusinessHot News

South African executive Andiswa Bata gets $1.2 million Nedbank pay

Andiswa Bata earned $1.2 million in 2025 at Nedbank, combining salary, incentives, and buyouts tied to her executive role.

Omokolade Ajayi Omokolade Ajayi
Naspers Limited, the Cape Town-based group chaired by Koos Bekker.
TechnologyBusinessHot News

South African giant Naspers forecasts 28% earnings jump on e-commerce growth

Naspers expects up to 28 percent earnings growth as e-commerce strength and global internet investments boost profitability across key markets.

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

Patrice Motsepe, Africa’s first Black billionaire, rebounds after $800 million drop

Patrice Motsepe sees a $200 million wealth rebound as mining stocks recover, lifting his net worth to $3.8 billion.

Omokolade Ajayi Omokolade Ajayi
The Glen Shopping Centre in Johannesburg.
Hot NewsBusiness

Hyprop invests $2.73 million in solar upgrade at Johannesburg’s The Glen mall

Hyprop invests R45 million ($2.73 million) in a solar upgrade at The Glen to cut costs as portfolio revenue climbs to R6.9 billion ($420 million).

Omokolade Ajayi Omokolade Ajayi
10 oldest publicly listed company
Hot NewsBusiness

Standard Bank eyes $15.4 billion growth market as African trade expands

Standard Bank targets a $15.4 billion African trade and SME banking market as cross-border commerce and regional growth accelerate across key economies.

Omokolade Ajayi Omokolade Ajayi
Nedbank COO Mfundo Nkuhlu.
Hot NewsBusiness

Nedbank COO Mfundo Nkuhlu pockets $2.2 million in 2025 pay package

Nedbank COO Mfundo Nkuhlu’s 2025 pay totals R35.2 million ($2.2 million) as bonuses and stock awards decline despite steady bank performance.

Omokolade Ajayi Omokolade Ajayi
Mozambique-South Africa rail
BusinessHot News

Mozambique-South Africa rail upgrade enters second phase in July

Mozambique begins a $160 million rail upgrade to boost trade with South Africa and expand freight capacity.

Oluwatosin Alao Oluwatosin Alao
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South African billionaire Johann Rupert becomes second African to hit $20 billion

Johann Rupert hits $20.2 billion as Richemont luxury stock surges, making him the second African to pass the $20 billion mark.

Omokolade Ajayi Omokolade Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusiness

Sim Tshabalala sees Standard Bank stake top $15 million ahead of 2027 retirement

A stronger rand and rising JSE shares push Sim Tshabalala’s Standard Bank stake over $15 million as the lender expands across Africa.

Omokolade Ajayi Omokolade Ajayi