MTN Group is considering spinning out its fibre and financial services units and will potentially list one of them to unlock value trapped in its core business, the company said on Wednesday.
Author: Agency Staff
Eskom and Sasol, South Africa’s two biggest polluters, must comply with emission limits even if it costs them tens of billions of rand, environment minister Barbara Creecy said.
Tesla surged nearly 20% on Tuesday, rebounding from a deep selloff with its largest daily gain in a year after data showed an increase in China sales and an analyst raised his rating on the stock.
South African business confidence has slipped in the first quarter of the year despite easing Covid-19 curbs, a survey showed on Wednesday, highlighting the fragility of the economic recovery.
South Africa’s economy contracted the most in a century in 2020 as restrictions to curb the spread of the coronavirus pandemic ravaged output and disrupted trade.
As major financial hubs like Singapore redraw legislation to lure crypto firms, South Africa’s burgeoning exchanges say they are having to move headquarters abroad due to uncertainty over potential government regulation.
Struggling state utility Eskom said on Tuesday that its board of directors would investigate an allegation of racism levelled against CEO André de Ruyter.
Vodafone Group is looking to raise as much as €2.58-billion from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year.
Shares of Tesla closed lower for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $277-billion off the company’s market value over the last month.
Chinese drone giant DJI Technology built up such a successful US business over the past decade that it almost drove all competitors out of the market. Yet it’s been hit by internal ructions and US sanctions.