MTN Group said on Friday it had now exited its 18.9% stake in African online retailer Jumia, making R2.3-billion in net proceeds.
Author: Agency Staff
Just as the US government starts looking to rein in, or even break up, big technology companies in the belief they have too much power, China is going in the opposite direction.
Alphabet rallied, Apple sank and Twitter tumbled on Thursday after a mixed bag of quarterly reports from top-tier technology companies.
Ant Group may not be a household name in most of the world, but the Chinese fintech behemoth controlled by Jack Ma has set off an investor frenzy for the history books.
A US senate hearing to reform an Internet law and hold tech companies accountable for how they moderate content quickly turned into a political scuffle.
The US National Security Agency is rebuffing efforts by a leading congressional critic to determine whether it is continuing to place so-called back doors into commercial technology products.
Bitcoin advocates say this time will be different as the virtual coin surges back to price levels last seen in the wake of the collapse of the cryptocurrency market bubble almost three years ago.
Sony is seeing “very considerable” demand for its PlayStation 5 console via pre-orders, its gaming chief said, as the technology firm targets pole position in the race to tap the growth of gaming globally.
South Africa plans to slash its wage bill over the next three years, including a proposed pay freeze, as it earmarks massive expenditure cuts to reign in a soaring budget deficit.
Microsoft’s cloud computing business slightly re-accelerated and its Teams collaboration software won new users, as a pandemic-driven shift to working from home drove quarterly results ahead of investor targets.