South African bank stocks tumbled and bonds plunged as the 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
Browsing: News
All the latest technology news from South Africa and around the world.
MTN Group awarded executive chairman Phuthuma Nhleko R72,2m in pay and bonuses last year after he negotiated a reduced fine with Nigerian regulators and shook up senior management. Nhleko, 56, was paid a R30m
MTN’s interim group executive chairman, Phuthuma Nhleko, took home more than R72m in the 2016 financial year, during which time he acted as CEO and as chairman of the crisis-hit emerging markets telecommunications
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
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
Capitec Bank hopes that its acquisition of Creamfinance, a European online lending firm, will eventually lead the establishment of a digital-only bank overseas. “We’re building a digital bank on this side and they’re
Facebook is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising – it’s the fourth time the
Amazon.com has agreed to buy Dubai-based online retailer Souq.com, whose shareholders include Naspers and Tiger Global Management, betting that e-commerce in the Middle East is poised to take off. The US e-commerce
Tesla has won a vote of confidence from Chinese Internet giant Tencent Holdings, whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about US$1,8bn