Twitter reported sales that beat Wall Street expectations as the social media company attracted millions of new users with better ways of sorting users’ feeds and more relevant notifications.
Author: Agency Staff
Vodafone Group plans to carve out its phone towers into a separate unit and consider an initial public offering, as it seeks to sell substantial stakes in the business to lower its debt.
Finance minister Tito Mboweni says government borrowing will surge and taxes may rise to fund the troubled Eskom. Yet no plan has been announced to restructure the overstaffed company.
Africa is rural. Or that’s what senior Western officials envision when they talk about the continent. This is wrong. Dangerously wrong.
South Africa’s decision to more than double its financial support for Eskom is “credit negative” for the sovereign rating as it’s an additional drain on the budget, Moody’s Investors Service said.
Facebook showed that its business can weather all kinds of regulatory scrutiny – as long as people keep flocking to Facebook.
Samsung Electronics will begin selling its Galaxy Fold in September, resurrecting a device it pulled months ago after early reviewers reported defects in the gadget’s much-touted flexible screen.
A financial crisis confronting South Africa’s state power utility has become a national debt problem.
South Africa’s annual inflation rate was unchanged at 4.5% in June, staying where the central bank wants the rate anchored.
South Africa may increase its borrowing plans following the latest bailout announced for struggling state-owned power utility Eskom, finance minister Tito Mboweni told MPs on Tuesday.