Beyond the valuation uplift, the sale is expected to substantially strengthen Aspen’s balance sheet. The proceeds will allow the company to reduce debt, streamline its lender base among others.
The company was established seven years ago by Lesley-Ann Pieters and her husband, Sarel, after the couple were left unemployed following the sale of the flower-export company where they previously worked.
Tax income from other minerals, primarily uranium and gold, rose to N$2.87 billion in the past financial year, almost double the original budget estimate.
Many of the continent’s largest companies in sectors such as mining, financial services, telecommunications, retail, energy and manufacturing trace their roots to South Africa.
The Forbes ranking recognises women who wield significant economic, political, and cultural influence across sectors, including finance, technology, industry, and governance.
Across Africa, governments have adopted different regulatory approaches to Starlink’s rollout, reflecting varying national priorities and legal frameworks.
The Johannesburg-based online trading firm and two of its directors — Harel Adam Sekler and Warwick David Sneider — were jointly and severally fined R2 billion.
Despite the international losses, SPAR’s core operations in Southern Africa have shown resilience. Revenue from continuing operations increased by 1.6% to R132.4 billion.
Tshesane has been with PwC for over 19 years and brings extensive experience in auditing across financial services, consumer markets, and industrial products and services.
Growth was driven mainly by the mining and quarrying sector, which rose by 2.3% on the back of higher production in platinum group metals, manganese ore, and coal.