Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.
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Takealot.com, South Africa’s largest online retailer, grew revenue by 41% to $238-million, despite being limited to selling only “essential items” during the hard lockdown earlier this year.
Digital currencies ethereum and XRP soared on Monday, gaining momentum as bitcoin powered on towards its all-time high.
Ethiopia’s protracted privatisation process faces sticking issues as the government and prospective investors prepare to meet this week, with an escalating armed conflict starting to add to concerns.
Bitcoin mania is back and with it the return of sky-high predictions from celebrity crypto fund managers to Wall Street stalwarts of where it can go next.
Telkom chief financial officer Tsholofelo Molefe has followed CEO Sipho Maseko’s lead in offloading shares in the telecommunications company following publication of its interim results last week.
It’s been a long time coming, but it looks like the sheriff has finally arrived to the Wild West that is the crypto market in South Africa.
South African fintech player Ukheshe has agreed to buy Oltio from Mastercard, the company that developed the digital payments platform for Masterpass, Mastercard’s QR code payments service.
Apple on Thursday slammed Facebook and other Internet giants for their ad targeting practices in response to a letter questioning a decision by the iPhone maker to delay a new privacy feature.
The SABC board said on Friday that a plan to retrench 400 employees as part of a restructuring to get the public broadcaster on a sustainable financial footing has been suspended for seven days.