The rand is undervalued and there’s scope for the currency to strengthen to as much as R11/US$, said Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group.
Author: Agency Staff
South Africa’s top court ordered former social development minister Bathabile Dlamini to pay a portion of the costs related to legal processes stemming from a dispute over the country’s welfare-grants system.
At this year’s Beijing Auto Show, a retired Chinese bureaucrat bent down to run his hands over the hood of a sleek sports coupe billed as the world’s fastest battery-powered car, and he smiled like a proud father.
Facebook has unveiled a wireless virtual-reality headset called Oculus Quest, an attempt to help popularise the developing technology with a more mainstream audience.
The board of Transnet said it plans to dismiss CEO Siyabonga Gama after losing confidence in his ability to lead South Africa’s state-owned ports and rail company.
What was the world’s worst technology stock only months ago has become China’s hottest, staging a defiant comeback since it was booted off Hong Kong’s benchmark gauge.
After coming out all guns blazing, Nigeria’s central bank has surrendered more ground in its tussle with MTN Group by giving a reprieve to one of the banks accused of illegally moving $8.1-billion out of the country.
The founders of Instagram are leaving Facebook after growing tensions with CEO Mark Zuckerberg over the direction of the photo-sharing app.
Qualcomm has added yet another layer to its ongoing legal battle with Apple by accusing the iPhone maker of stealing software and tools to help improve chips from rival Intel.
It’s been a bad year for Facebook. Okay, a truly terrible year. It just got even worse with the departure of Instagram founders Kevin Systrom and Mike Krieger.