Black shareholders oppose Vodacom’s $2.3-billion payout to ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate, inventor of the “Please Call Me” service, faces a new setback in his legal battle against Vodacom Group.
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South African billionaire Christo Wiese’s Brait completes bond buyback, cuts debt by $5.3 million
This is part of the company’s broader strategy to strengthen its financial structure and improve its balance sheet.
Life Healthcare to sell stake in Life Molecular Imaging to U.S. firm for $350 million
South African healthcare provider led by Victor Litlhakanyane to sell its stake in Life Molecular Imaging to U.S.-based Lantheus Holdings for R6.48 billion ($350 million).
South African tycoon Giovanni Ravazzotti loses $46.8 million in Italtile stake in early 2025
This decline comes on the heel of a nearly 30 percent gain experienced in 2024 which added $24.82 million to his stake.
South African tech mogul Zak Calisto gains $45 million from Karooooo shares in early 2025
The latest increase extends the market value of his stake to nearly $950 million.
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MTN Nigeria, led by Karl Toriola, secures $27.1 million through commercial paper issuance
The issuance is part of the company’s N250-billion ($160.56 million) commercial paper program.
Sue Nabi, Algerian-born French entrepreneur, gains $16.9 million in a week
The recent increase highlights renewed investor confidence in Coty’s strategic direction under her leadership.
Glencore, led by South Africa's Gary Nagle, explores merger talks with Rio Tinto
Glencore and Rio Tinto are in advanced talks for a merger that could reshape the global mining sector, rivaling industry leader BHP Group.
Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.