Tencent Holdings’ quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance the Chinese gaming behemoth is bound for a revival.
Author: Agency Staff
Wall Street is finally turning more bullish on Jumia Technologies as its debut results as a public company quelled some fears amid a scathing report from short-seller Citron Research.
Vodacom Group parent Vodafone Group’s dividend has cracked under the strain of falling revenue, soaring spectrum costs and a $21-billion acquisition, in a grim reality check for Europe’s struggling phone industry.
MTN Group’s Nigerian unit plans to raise about ₦200-billion this year from a variety of sources including bank loans and bonds to expand operations in its biggest market.
Vehicles that appeal to swathes of consumers remain few and far between, and those on the road are still too expensive.
Microsoft plans to spend more than R1.4-billion over five years to open its first development centres in Africa to work with local partners and governments, as well as hire engineering talent.
Bitcoin jumped to almost $8 000 and didn’t look back, as its longest winning streak since 2013 continued to rekindle the global cryptocurrency market.
Facebook’s challenges can be tackled through regulation, not by breaking up the company, a company official wrote Saturday in the New York Times.
Done in by a broad stock market selloff and a weak earnings report posted by its primary rival, Uber plunged immediately at the opening of trading.
President Cyril Ramaphosa has a formidable challenge: picking a cabinet that can dismantle a shadow state of corruption and revive the flagging economy.