Pencil Club wins over Durban's business elite
In the two years since its creation in 2021 by businessman Marc Rosenberg, the luxury establishment has become one of the most popular clubs of Durban's financial elite.
Investment fund EuroFin Asia, which financed an aborted crude oil recovery mega-project in South Africa in 2017, is determined to get its $40m back. It has commissioned the private investigation firm Kroll to further determine the role of a South African businessman.
The violence that followed the arrest of former president Jacob Zuma has had serious repercussions for the country's mining sector. The outbursts, located in the province of KwaZulu Natal, are hampering the activity of local mines, but also that of Durban and Richards Bay port terminals.
Kevin Ellerine, the son of the South African furniture magnate, has new investment projects in the pipeline through a firm set up in Mauritius in February. He is meanwhile continuing to manage the family fortune along with his cousin Dionne Ellerine and his uncle Eric Ellerine.
The family-run junior oil company Perenco has shut out the competition by bringing out the big guns to win the contract for the Kombi, Likalala and Libondo II fields, with former SNPC boss Denis Gokana lending a helping hand.