Pick n Pay secures $471 million in Boxer IPO to drive growth strategy
Boxer's oversubscribed listing marks one of Africa’s largest IPOs in 2024.
Southern Africa
Anglo American sells steelmaking coal business for $4.9 billion
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
South African Saltzman family gains $15.7 million from Dis-Chem shares
This recent gain follows an earlier increase of $18.79 million between Sept. 13 and Oct. 26.
Remgro's Manta Bidco posts $2.3-billion revenue in H1 2024 revenue
The revenue growth was bolstered by a 2.3 percent rise in inpatient admissions and a 2.1 percent uptick in day cases.
Brait reduces stake in Premier group to $284.4 million
Brait’s decision to reduce its stake in Premier comes after a successful R750 million ($41.3 million) accelerated bookbuild offering earlier this year.
Investec maintains $37.6 million amid UK motor finance ruling
Other lenders implicated in the case, including FirstRand and Close Brothers plc, are grappling with the fallout.
Barry Swartzberg’s Discovery stake increases by $23 million
Swartzberg, a co-founder of Discovery, owns a 3.92 percent stake in the Sandton-based financial services group, amounting to 25,954,540 shares.
Southern Sun posts $18.3-million profit in H1 2025
The South African hospitality group reported a 30% profit increase for the first half of 2025.
Karooooo shares decline, costing Zak Calisto $60.5 million
This follows a $107.76 million decline recorded between Oct. 14 and Nov. 6, pushing his stake further below the $1 billion mark.
Lesaka acquires Recharger, prepaid electricity firm, in $28-million deal
The deal, which strengthens Lesaka’s position in the fintech sector, involves the purchase of all Recharger's shares.
Sibanye-Stillwater partners with C5 Capital to explore Nuclear opportunities
The two companies formalized their partnership with a Memorandum of Understanding (MoU).
South African tycoon Stephen Brookes gains $2 million from Balwin stake
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.
Glencore pilots innovative copper leaching process in Chile
The initiative aims to boost copper output from lower-grade ore in response to rising global demand for the metal, which is vital for renewable energy technologies.
FirstRand stock slide erases millions from Johan Burger’s portfolio
South African businessman Johan Burger sees $3.03 million dip in FirstRand stake
MTN to boost internet connectivity in remote areas using satellite technology
The move is part of MTN’s broader strategy to enhance its existing network with satellite technology.
Sanlam completes $66.4 million acquisition of MultiChoice insurance unit
The move, positions Sanlam to leverage MultiChoice’s broad subscriber base and payment systems to expand its financial services offerings across Africa.