Rand weakens as load shedding returns
Eskom implemented power cuts on Wednesday amid maintenance problems. The rand weakened as investors fretted about the effect on economic growth.
Author Agency Staff
Huawei defies US ban with strong growth in smartphone sales
Huawei Technologies’ revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.
Facebook’s Marcus vows to ‘move forward’ with libra
The Facebook executive responsible for the embattled cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organisations will sign on.
Apple’s 5G iPhone delay stings as next-gen devices hit shelves
Apple is planning to bring 5G to the iPhone next spring, more than a year behind some rivals. The company can ill afford to let the timing slip.
Africa tower operator Helios raises R5.4-billion in share sale
Helios Towers rose 1.8% in London after raising R5.4-billion in a long-delayed share sale that gives investors a foothold in Africa’s fast-growing wireless tower industry.
Facebook’s libra gets nod from remaining partners, including Naspers
Facebook’s remaining partners in its digital currency project signed paperwork on Monday to officially join the Libra Association.
Normally hush-hush NSA offers a peek behind the curtains
The US National Security Agency is normally so secretive that its creation was classified, leading to the nickname “No Such Agency”. The agency has now opened its doors to journalists. But just a crack.
Uber axes 350 employees in ‘last wave’ of job cuts
In his latest bid to reduce losses at Uber Technologies, Dara Khosrowshahi fired about 350 employees, in what he said is the “last wave” of workforce reductions.
Apple’s new iPhones are a hit – share price hits record high
Apple is seeing higher iPhone demand than it expected, thanks to two forces consumers find hard to resist: falling prices and the inevitable ageing of older models.
Helios Towers listing likely to price at bottom end of range
Helios Towers met with a tepid response for a long-delayed share offering that gives investors a foothold in Africa’s fast-growing wireless tower industry.