Meta Platforms has cut plans to hire engineers as CEO Mark Zuckerberg warned employees to brace for a deep economic downturn.
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The board of JSE-listed technology group Mustek has appointed Hein Engelbrecht as its new CEO with immediate effect.
Shares in Alviva Holdings leapt higher on Thursday after the group received an offer from a black-led consortium to buy it out.
JSE-listed Datatec has agreed to sell its Analysys Mason business for as much as £210-million, with the proceeds to flow directly to the group’s shareholders.
Futuregrowth Asset Management, a South African fixed-income money manager with R193-billion of assets, is raising a fund to invest in start-ups.
The rand tumbled on Thursday to its lowest level since October 2020 as electricity cuts renewed pressure on the currency.
The crisis at Eskom is getting worse, with the state-owned utility set to implement stage-6 power cuts until midnight on Friday.
The market for non-fungible tokens has been spiralling downward after sales sank sharply and the prices of popular NFTs plummeted over the last few weeks.
The CEOs of two of the country’s largest crypto exchanges believe the fundamental underpinnings of the industry are still strong, but asset prices may not rebound quickly.