Media and e-commerce group Naspers on Monday reported a 4.5% drop in profit for the year to 31 March, mainly as a result of investments to drive growth in its food delivery business.
Author: Agency Staff
South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
Uber Technologies is in talks to purchase food delivery service Postmates for about US$2.6-billion, Dow Jones reported, citing people familiar with the matter.
Tesla has grown from Silicon Valley gadfly to the world’s second largest automaker by market capitalisation in the decade since its initial public offering. It’s been a roller-coaster ride.
Facebook shares were poised to fall for a second day after more businesses, including Starbucks and Diageo, joined the growing number of brands planning to halt spending on social media.
Thousands of people have been testing positive for Covid-19 daily since the relaxation of the hard lockdown to make room for economic activity.
Sony’s image sensor business aims to replicate PlayStation’s success to address its reliance on a handful of manufacturers in the fickle smartphone market by selling software by subscription for data-analysing sensors.
The US and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel.
Finance minister Tito Mboweni said national treasury has no plans to boost income tax, corporate tax or VAT even as the coronavirus decimates the nation’s finances.
Zimbabwe on Friday suspended trade on the stock exchange and mobile phone-based payments to address what President Emmerson Mnangagwa’s government called “criminality and economic sabotage”.