Tag: South Africa

Africa’s $10 billion club
BusinessHot News

Nine South African firms dominate Africa’s 2025 leaderboard

South African firms dominate Africa’s 2025 most valuable companies list, with nine of the top 10 firms listed on the Johannesburg Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Stephen Saad
BusinessHot News

Billionaire Stephen Saad buys $10.2 million in shares amid Aspen woes

Stephen Saad buys $10.15 million in Aspen shares, signaling confidence as Africa’s top drugmaker battles losses, scrutiny and a steep stock plunge

Feyisayo Ajayi Feyisayo Ajayi
African billionaires strategy
ExclusiveHot News

South Africa’s billionaires face rising pressure as inequality debate deepens

As South Africa weighs wealth taxes, billionaires face pressure to reinvest locally or explore offshore options amid deepening inequality and rising discontent.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsSports

Top 5 African nations investing in sports infrastructure

Top African nations are investing in sports infrastructure to attract global events, boost tourism, and create jobs for youth across the continent.

Timilehin Adejumobi Timilehin Adejumobi
Sam Sithole
BusinessHot News

Sam Sithole: Sun International, Value Capital’s quiet strategist

Sam Sithole’s quiet leadership and sharp financial instincts have reshaped Sun International and Value Capital into pillars of South Africa’s corporate revival

Feyisayo Ajayi Feyisayo Ajayi
MTN
BusinessHot NewsTechnology

South Africa becomes MTN’s biggest market as Nigeria revenue, earnings decline

The shift highlights the economic and regulatory pressures hampering telecom operations in Africa’s most populous country.

Omokolade Ajayi Omokolade Ajayi
Allan Gray City Lodge Hotels stake
BusinessHot News

Allan Gray raises stake in African Rainbow Minerals to $96.2 million

Allan Gray lifts its stake in African Rainbow Minerals to $96.2 million, signaling confidence in the miner despite falling earnings and weak commodity prices.

Feyisayo Ajayi Feyisayo Ajayi
Africa institutional investors
BusinessHot News

Africa’s largest asset manager raises stake in Clicks Group to $896.6 million

Africa’s largest asset manager, PIC, raised its stake in Clicks Group to 20.135%, signaling confidence in the retailer’s market leadership and growth.

Feyisayo Ajayi Feyisayo Ajayi
LuxuryTourism

Club Med expands to South Africa with a $108.6 million luxury resort—A must-visit destination

Club Med debuts in South Africa with a $108.6 million luxury beachfront resort, opening July 2026—boosting tourism, jobs, and global travel appeal.

Timilehin Adejumobi Timilehin Adejumobi
Prosus N.V
BusinessHot News

Top 20 most valuable stocks on the Johannesburg Stock Exchange exceed $930 billion

The JSE's top 20 stocks, led by Prosus, BHP, and Richemont, drive Africa’s largest exchange, spanning tech, mining, finance, and consumer sectors.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa’s largest asset manager raises stake in Grindrod to $102.8 million

Public Investment Corporation (PIC) boosts investment in Grindrod, increasing its stake to over 20% worth nearly $103 million

Feyisayo Ajayi Feyisayo Ajayi
Clifton 4th Beach, Cape Town
Hot NewsLuxuryTourism

South Africa’s Top 7 luxury beaches for affluent travelers

Discover South Africa’s seven most exclusive beaches offering luxury amenities, private villas, and high-end experiences for discerning travelers seeking unparalleled coastal indulgence.

Feyisayo Ajayi Feyisayo Ajayi