One of the best-kept secrets of America’s billionaires is the size of their tax bills. Tesla has provided a rare glimpse into this world, disclosing on Thursday that its billionaire CEO, Elon Musk, paid at least $593m
Author: Agency Staff
CEO Kazuo Hirai is showing the turnaround at Sony was no fluke. The Tokyo-based company reported preliminary operating profit of ¥285bn (US$2,6bn; R34,3bn) for the fiscal year to March 2017, 19% higher than its previous
Newly appointed finance minister Malusi Gigaba should be given time to settle into the job before being judged on his performance, according to central bank governor Lesetja Kganyago. President Jacob Zuma’s decision to fire Pravin Gordhan as finance
For the iPhone’s 10th anniversary, Apple is planning to release new and upgraded models later this year, with updated designs, improved cameras and better screens. But a more important product launch actually began in
Only six remaining milestones stand between Tesla’s Elon Musk and an estimated $1,4bn windfall for the car maker’s billionaire CEO. Musk, who was awarded 5,27m stock options in 2012 tied to Tesla operational
Allan Gray, one of South Africa’s biggest money managers, said it’s “increasingly concerned” over the running of Net1 UEPS Technologies, a company whose lending practices to people on welfare have been criticised as unethical by
Facebook’s research unit, Building 8, is working to make it possible for people to type using signals from their brains, part of the lab’s broader effort to free people from their phones. Regina Dugan, hired from Google parent
It was the third hour of doing nothing that broke James Scott. The 25-year-old researcher was sitting at his desk at an insurance firm in northern England when the Internet went down. And with it went access to all
WorldRemit, a British money-transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access mobile payment platforms and expatriates send cash home. The seven-year-old
South Africa’s inflation rate fell to a six-month low in March after food price increases slowed. Consumer inflation eased to 6,1% from 6,3% in February, Statistics South Africa said in a report released