Property tycoon Roux Shabangu faces provisional sequestration amid escalating tax disputes
Property tycoon Roux Shabangu faces provisional sequestration after losing a court battle with Sars over millions in unpaid taxes, marking the latest setback in a long-standing legal dispute and raising concerns about his financial practices and lavish lifestyle.
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Sasol, led by South African executive Simon Baloyi, plans to revive and list chemical division
Sasol has been working to optimize the project’s performance, restore investor confidence, and explore strategic options—including an Initial Public Offering (IPO).
Egyptian billionaire Yasseen Mansour’s Palm Hills stake dips by $3.5 million
Mansour, one of Africa’s leading business leaders, holds a 10.83-percent stake in the Cairo-based real estate firm, equating to 318,574,726 shares.
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.