Nigerian lawmakers investigating allegations of illegal repatriation of almost US$14bn by MTN Group’s local unit have found the company hadn’t violated the law. There were no “proofs of collusion to contravene the foreign exchange
Author: Agency Staff
China’s Tencent Holdings, in which JSE-listed Naspers owns a one-third stake, has bought 145.8m non-voting shares Snap, saying it plans to work closely with the social media company. In an SEC filing on Wednesday, the Snapchat
Apple, seeking a breakthrough product to succeed the iPhone, aims to have technology ready for an augmented-reality headset in 2019 and could ship a product as early as 2020. Unlike the current generation of virtual reality headsets that use
Snap still isn’t meeting much-lowered projections for growth. Now the company is taking drastic measures to shape its future. While ad prices fell as part of a transition in the company’s sales system, the larger
Bye Twitter brevity. Twitter said on Tuesday that users can send tweets with as many as 280 characters, double the current limit, the latest attempt by the social media company to revive user growth. The roll-out
Finance minister Malusi Gigaba met with representatives of the World Bank last week to discuss financing for development of a nuclear power programme in the country, according to two people familiar with
I try not to give billionaires or corporate managers unsolicited advice on what they should do with their money. Warren Buffett and Apple both have done rather well for themselves and their investors without
South Africa faces a stark choice: risk strikes by as many as 1.3m government workers or meet their pay demands and jeopardise its credit rating. After years of above-inflation increases, public sector unions now want nothing less than
Broadcom has offered about US$105bn (R1.5 trillion) for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. Broadcom made
Qualcomm is preparing to fend off an unsolicited US$100bn takeover bid from Broadcom, arguing it undervalues the company, people familiar with the plans said. Broadcom is preparing a $70/share offer for Qualcomm, which could