South Africa’s rand headed for its biggest weekly slide since 2015, after the firing of finance minister Pravin Gordhan raised concerns about the country’s fiscal path and its investment-grade credit rating. President Jacob
Author: Agency Staff
President Jacob Zuma fired finance minister Pravin Gordhan and eight other cabinet members in a high-stakes power play that may threaten his own presidency and place the nation’s investment grade credit rating at
Ford has agreed to hire 400 employees from BlackBerry to help develop wireless technology at the car maker, deepening an ongoing partnership between the two companies involving in-car connectivity. The shift doubles
Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second richest person. Bezos, 53, added US$1,5bn to his fortune as Amazon.com rose US$18,32 on Wednesday, the day after the
WeChat, China’s most popular social media and messaging service, has launched a new bid in Europe and the US to develop its payments offering and win new advertisers. Owned by Tencent Holdings, in which South Africa’s
The ANC has a choice: it can help President Jacob Zuma, or it can help the country. Its survival as a respected national force depends on doing the latter. Support for the ANC has fallen amid charges of
Samsung Electronics knows it needs to get its new flagship smartphone right. Apart from making sure the gadget won’t cause bodily harm, the company packed it with a plethora of new features
Samsung Electronics took the wraps off the Galaxy S8 and S8+ at an event in New York on Wednesday. The phones, the Korean company’s new flagships, feature a new “Infinity Display” for “immersive
Three of the top six officials of South Africa’s ruling party told President Jacob Zuma that they opposed his plan to fire finance minister Pravin Gordhan, a person with knowledge of the matter said. Zuma told the ANC leaders
Mercedes-Benz is accelerating its roll-out of battery-powered cars in a race to meet tighter emissions rules as European buyers turn away from fuel-efficient diesel cars. In a €10bn project, the world’s largest