2+ hour, 27+ min ago   (794+ words) The DNI consortium paid R1.6 billion for 34.8% of Frogfoot and Vox, a business that lost R256 million and has negative net asset value of R665m. South African billionaires Stephen Saad and Mike Teke are shareholders in an investment company whose consortium has just…...

18+ hour, 34+ min ago   (466+ words) SAFA's governance committee cleared Sandile Zungu to run against Danny Jordaan on Sept. 12, settling a dispute that had run since May. The South African Football Association's independent governance committee has cleared Sandile Zungu to contest the presidency against Danny Jordaan…...

14+ hour, 35+ min ago   (341+ words) Chevron agreed to sell two Angolan oil blocks to London-listed Energean for $260 million. Then Etu Energias, already a partner, used a right of first refusal to take the deal itself. A masterclass in how insiders win — and a signpost to…...

1+ day, 3+ min ago   (479+ words) Stella Okoli's Emzor has raised N26.7bn ($19.8m) at a 19% coupon to finish West Africa's first antimalarial API plant a Sagamu facility that was due to open in late 2025, then early 2026, and is still incomplete. Stella Okoli's Emzor Pharmaceutical Industries has raised a…...

21+ hour, 14+ min ago   (574+ words) Etu Energias, half owned by Alberto Almeida de Sousa, is buying Chevron's stakes in Blocks 14 and 14K for $260 million, displacing Energean. Etu Energias is buying Chevron's stakes in two Angolan offshore blocks for $260 million, ending a five-month contest with a London-listed…...

1+ day, 1+ hour ago   (1376+ words) Simon Rudland's empire spans cigarettes, a $102 million tobacco plant, trucking, fuel stations, citrus juice and mining across two countries. Simon Rudland started as a mechanic at Delta Beverages. He was born in Harare in 1971 and is now 55. His businesses employ…...

1+ day, 18+ hour ago   (355+ words) Mauritius says Mamy Ravatomanga planned to leave by sea and made illicit calls from prison. His lawyer calls it conjecture with no evidence behind it. Mauritius says the Malagasy businessman Mamy Ravatomanga planned to leave the island by sea rather…...

1+ day, 23+ hour ago   (781+ words) Samih Sawiris wants to recreate El Gouna on Morocco's Atlantic coast, starting with 800 rooms in a €200 million first phase at Mogador-Essaouira. Samih Sawiris has told Moroccan media what he intends to do with a resort that has sat unfinished on…...

2+ day, 17+ min ago   (481+ words) Christo Wiese, worth about R31 billion, says the slogan aimed at him for years is meaningless and that 95% of his wealth remains in South Africa. Christo Wiese was one of the men the phrase was invented to describe, and he says…...

2+ day, 12+ hour ago   (606+ words) Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures. Mo Ibrahim has told Hakainde Hichilema, Zambia's president, that his first term was defined by progress and…...