Richemont Sells Baume & Mercier to Italy After 38 Years
Richemont completed the sale of Baume & Mercier to Italy's Damiani Group on July 1, ending 38 years and sharpening...
July 7, 2026Section
Southern Africa
Southern Africa – South Africa, Angola, Zambia, Zimbabwe, Mozambique and Botswana – anchors the continent’s deepest capital markets and its richest seams of platinum, copper, gold, diamonds and gas. The Rio Times follows the rand, the Johannesburg market, mining and energy deals, and the South Atlantic ties that increasingly link the region to Brazil and Latin America. This hub collects our daily Southern Africa coverage for investors and expats.
Browse by themeAfrica Critical Minerals · Africa Energy · Africa Markets & Investment · Africa & Latin America · Africa & the Great Powers · Doing Business & Living in Africa
Chinese Cars Stall Stellantis’s Big South African Factory
Stellantis South Africa paused its Gqeberha factory as Chinese cars took 19% of the market in Q1 2026, up 75%...
July 6, 2026
South Africa’s Newest Billionaire Built a Pharmacy Empire
Ivan Saltzman, who built Dis-Chem from one Johannesburg pharmacy in 1978, is South Africa's newest dollar billionaire at $1.3 billion...
July 6, 2026
Vodacom Takes Control of Safaricom in a $2.1 Billion Deal
The Vodacom Safaricom deal closed on June 30: $2.1 billion gives the South African group 55% of East Africa's most...
July 5, 2026
Angola Lists Unitel, Seized From Isabel dos Santos
The Unitel IPO roadshow starts this week: Angola will float 15% of the telecom giant seized from Isabel dos Santos...
July 5, 2026
South Africa Rejects a Wealth Tax on Its Richest
The South Africa wealth tax debate is settled for now: Finance Minister Godongwana rejected an annual levy on the richest...
July 5, 2026
A Billionaire’s Plan to Turn Tongaat Sugar Into Power
Tongaat Hulett's new owner Robert Gumede plans to turn sugarcane into electricity, ethanol and industrial gas to save the 134-year-old...
July 5, 2026
South Africa’s Anti-Migrant Unrest Rattles the Continent
Anti-migrant unrest in South Africa has left foreigners fleeing, one Ghanaian killed, and Kenya evacuating 27,000 citizens as regional tensions...
July 4, 2026
The Durban July: Africa’s Grandest Race Turns 130
On 4 July 2026, Greyville Racecourse hosts the 130th Durban July—South Africa's biggest race day blending sport, fashion, and celebrity....
July 4, 2026