After months of speculation and delays, South Africa named André de Ruyter as CEO of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.
Author: Agency Staff
After HP rebuffed Xerox’s attempted $34-billion takeover attempt, don’t be surprised if the printer company’s next step is to say, “You don’t buy us, we buy you.” But don’t expect any offer to be generous.
The largest cryptocurrency’s slide snowballed on Monday, with the price dropping as much as 5% to test the key $8 000 level, which it hasn’t breached since the end of October.
Andre de Ruyter has been appointed as CEO of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy.
Ford is reinventing one of its marquee models – the Mustang muscle car – as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade.
HP’s board unanimously rejected Xerox’s unsolicited takeover proposal, saying the $22/share offer is too low and citing concerns about the smaller rival’s prospects in the printing industry.
Orange, France’s dominant phone company, is starting preparations for a potential initial public offering of its Africa and Middle East unit, people familiar with the matter said.
This time it’s official. Microsoft co-founder Bill Gates overtook Amazon.com’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years.
Jack Ma, the co-founder of Alibaba Group, said African entrepreneurs will find countless opportunities in e-commerce, logistics and e-payments as the continent prepares for the start of a free-trade deal.
Chinese technology giant Huawei has begun selling its first foldable smartphone without Google apps or US-made processor chips following sanctions imposed by Washington.