Naspers is being probed by a US law firm over whether Africa’s biggest company by market value was involved in…
Author: Agency Staff
China’s Tencent, in which South Africa’s Naspers has a 33.2% stake, may be selling off, but analysts are the most bullish on record. The tech giant fell for the fourth time in five sessions on Tuesday as angst over US technology
Energy regulator Nersa will announce its decision on Eskom’s tariff hike application next week. The regulator was due to announce its decision with regards to the power utility’s request on Thursday but postponed to give itself more
BMW is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen ready their own battery line-ups. The planned increase to about
Deputy President Cyril Ramaphosa won endorsement from most ANC branches to succeed President Jacob Zuma as ruling party leader, giving him an edge – but not a guarantee of victory – in this month’s election. Ramaphosa was nominated
South Africa will study the cost of power generation from various projects and expects to announce a decision on new renewable sources by 7 December, according to energy minister David Mahlobo. The energy department has
Xiaomi, the Chinese smartphone maker that was once the most valuable start-up in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50bn, according
Bitcoin’s extraordinary price surge means its market capitalisation now exceeds the annual output of whole economies, and the estimated worth of some of the world’s top billionaires. With the debate over its bubble status
Venezuela’s currency is in free fall. Cryptocurrencies such as bitcoin are going precisely the other direction. And there, President Nicolas Maduro sees a way out of his country’s economic ills. On his Sunday television show, Maduro
Tencent slumped on Friday, putting it in line for its worst week in almost two years, as investors took profit in global technology shares and before the stock’s weighting gets reduced in Hong Kong’s benchmark index. Tencent