Author: Agency Staff

Richemont’s decision to plough €2.7bn into e-commerce by buying out Yoox Net-a-Porter is a wake-up call to sceptics who thought consumers would never buy US$5 000 Cartier necklaces and $50 000 Vacheron

Facebook acknowledged on Monday that social media can have a negative impact on democracies, and that the company has more work to do in order to ensure that the good outweighs the bad. “From the Arab Spring to robust elections around the

The clock is ticking on President Jacob Zuma’s scandal-ridden administration as his deputy, Cyril Ramaphosa, flexes his political muscles and shows he’s increasingly wielding state power to stamp out corruption and revive the

South Africa appointed a new board at struggling utility Eskom, with Jabu Mabuza becoming chairman, and ordered a new permanent CEO to be named within three months. As well as the appointment of Telkom chairman Mabuza

Authorities in drought-stricken Cape Town have told residents that it is “now likely” that water supplies will be cut because of dwindling levels in dams serving the country’s second largest metropolis. Cape Town will impose tighter water

For more than two decades, Jeff Bezos has famously sacrificed profit for growth, persuading Wall Street that Amazon.com was best served pouring money into the logistical nuts and bolts that have turned his company into the

Google and Tencent have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations. The cross-licensing deal comes with an understanding that the search

Apple has said it will bring hundreds of billions of overseas dollars back to the US, pay about $38bn in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centres in the coming years. The iPhone

South African prosecutors have moved to freeze the assets of suspected allies of the politically connected Gupta family more than a year after the nation’s top graft ombudsman outlined the depth of state looting in the country

The threat of large-scale cyberattacks and a “deteriorating geopolitical landscape” since the election of US President Donald Trump have jumped to the top of the global elite’s list of concerns, the World Economic