Brian Molefe is set to become a member of parliament for the ANC, prompting speculation that President Jacob Zuma intends installing the former Eskom CEO as the new minister of finance, replacing Pravin Gordhan. Parliament said late
Author: Agency Staff
The election of the next leader of the ANC looks set to be a two-horse race. Nkosazana Dlamini-Zuma, the former chairwoman of the African Union Commission, has an early edge in the battle to take over the helm of the party from her
Samsung Group’s Jay Y Lee was formally arrested on allegations of bribery, perjury and embezzlement, an extraordinary step that jeopardises the executive’s ascent to the top role at the world’s biggest smartphone maker. The Seoul central district court
In 2013, Google ran its first tests for Project Loon, an ambitious effort to circulate broadband-emitting balloons across the globe. On Thursday, the company said that’s not necessary anymore. Executives at the project said
Earlier this month, Apple poached the chief of Amazon’s Fire TV unit to run its television operations. Timothy D Twerdhal brings hardware and content experience to his new gig, and his hiring suggests a renewed
Investors are developing thick skins to political risk in South Africa. The rand is among the world’s top 10 best performers this year despite speculation that President Jacob Zuma may fire finance minister
“We are always looking at acquisitions,” Apple CEO Tim Cook told analysts last month. “There’s not a size that we would not do.” It’s a message he’s increasingly stressed over the past year as investors
Lenovo’s mobile phone business continues to shrink, while its PC division managed anaemic growth in the face of brutal holiday-season competition. The world’s largest PC maker’s profit plummeted more
A South African antitrust regulator has said it found that more than a dozen international and local banks colluded to manipulate foreign-currency trades and recommended some of them be fined 10% of their annual
The opposition Democratic Alliance is scrambling to save its reputation as a party capable of governing in South Africa’s richest province following a series of gaffes by its mayor in Johannesburg. The DA assembled a task