Tag: South Africa

MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusinessTechnology

MTN tax contribution rises to $3.76 billion in 2025 across key markets

MTN Group paid $3.76 billion in taxes across 16 markets in 2025, reflecting its expanding fiscal contribution in Africa and the Middle East.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

EU antitrust pressure cuts South African billionaire Koos Bekker’s fortune by $100 million

Koos Bekker loses $100 million in net worth as Prosus battles EU antitrust demands over its Delivery Hero holding and portfolio reshaping.

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

South African executive Sim Tshabalala nears $15 million Standard Bank stake

Standard Bank CEO Sim Tshabalala’s stake rises toward $15 million as shares climb and earnings strengthen in 2025.

Omokolade Ajayi Omokolade Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBusinessExclusive

Glencore holds South African executive Gary Nagle’s 2026 base pay at $2 million

Glencore keeps Gary Nagle’s base salary at $2 million in 2026, maintaining a long-term pay policy tied to performance and ESG targets.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South Africa’s richest man Johann Rupert nears $19 billion after $1 billion rebound

Richemont shares rise 4.5 percent, boosting Johann Rupert’s wealth by nearly $1 billion and lifting net worth close to $19 billion.

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

Sim Tshabalala leads Standard Bank to top spot as Africa’s most valuable bank with $32 billion market cap

Standard Bank becomes Africa’s most valuable bank under South African banking executive Sim Tshabalala as market cap rises above $32 billion.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

South African billionaire Patrice Motsepe’s net worth drops $200 million so far in May

Patrice Motsepe’s net worth drops by $200 million in May to $3.7 billion as African Rainbow Minerals shares fall nearly 7 percent.

Omokolade Ajayi Omokolade Ajayi
Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
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Cape Town-based executive Alan Keet steers Apex Group to $300 billion in South African assets under administration

Alan Keet leads Apex Group’s South African platform to R5 trillion ($300 billion) in assets under administration.

Omokolade Ajayi Omokolade Ajayi
Nigerian monarch and Islamic traditional ruler Lamido Sanusi, the Emir of Kano.
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Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Nigerian monarch Lamido Sanusi, Emir of Kano, could earn above N500 million in 2026 as MTN Group performance strengthens.

Omokolade Ajayi Omokolade Ajayi
Melanie Da Costa, CEO-designate of Netcare, a $1.4 billion South African healthcare group, during a corporate leadership transition announcement.
Hot NewsBusiness

South African executive Melanie Da Costa named CEO of $1.4 billion healthcare group, Netcare

South African executive Melanie Da Costa is set to become CEO of Netcare, a $1.4 billion healthcare group, after a structured transition.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

NCC probe puts FlySafair under scrutiny as Tshepo Mahloele’s Harith advances deal

South Africa's NCC probes FlySafair over alleged overbooking as Harith General Partners advances its acquisition of the airline.

Omokolade Ajayi Omokolade Ajayi
Tiger Brands electricity wheeling agreement
BusinessHot News

South Africa’s Tiger Brands taps Apollo Africa in electricity deal

Tiger Brands signs renewable electricity deal with Apollo Africa to power Gauteng factories and cut emissions.

Timilehin Adejumobi Timilehin Adejumobi