Author: Loni Prinsloo

Jumia Technologies has drawn takeover interest from Axian Telecom, people familiar with the matter said.

Naspers subsidiary Prosus is aiming to double its revenue over the next three years, its CEO said.

Changan’s SUVs, bakkies and sedans, including its Deepal EV range, will go on sale in the fourth quarter.

Naspers subsidiary Prosus is acquiring online travel agency Despegar.com for the equivalent of R32-billion.

Prosus reported a first-half profit as the tech investor sold stakes in online businesses in China and South Africa.

Glencore’s South African ferroalloys division and Merafe Resources will build a utility-scale renewable energy plant.

A group of investors led by Harith General Partners has agreed to buy out a fund that owns a stake in Vumatel parent CIVH.

It is critical that e-commerce becomes a bigger source of profitability for Prosus, group CEO Fabricio Bloisi said.

MTN Group said on Thursday that it is probing issues of alleged favouritism by CEO Ralph Mupita.

Naspers expects e-commerce and other digital platforms to inject R91.4-billion into the South African economy by 2035.