There’s no shortage of superlatives for Ant Group’s initial public offering. Here’s a look at some of the key metrics, and why billionaire Jack Ma seems to be such a fan of the number eight.
Author Agency Staff
The Trump administration lost a bid to enforce its prohibitions against the Chinese-owned “super app” WeChat in the US after appealing a judge’s ruling that the ban probably violates the free-speech rights of its users.
Hasso Plattner, chairman of SAP, bought shares worth nearly €250-million in the German software company on Monday after a once-in-a-generation price slide triggered when management dumped its profit targets.
The Covid-19 pandemic is fuelling a boom for Africa-focused money transfer companies, despite predictions from the World Bank of a historic 20% drop in remittances to poorer countries this year.
SAP said on Monday it was going all in on its shift to cloud computing as it abandoned medium-term profitability targets and cautioned that its business would take longer than expected to recover from the coronavirus pandemic.
Eskom, the indebted South African state power utility, will announce its annual results this week after a three-month delay.
Lee Kun-hee, who transformed Samsung Electronics from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions and memory chips, has died. He was 78.
Finance minister Tito Mboweni will have to find money to help the economy recover from its longest recession in three decades and bail out state companies in a budget that’s projected to record the biggest shortfall since 1914.
South Africa’s only high-speed rail network is drawing up a multibillion-rand plan to expand outside Johannesburg and Pretoria, joining a potential bonanza of infrastructure projects.