Some of Wall Street’s biggest players are viewing the stock market’s recent tech-led selloff as a bout of turbulence rather than the start of a longer slide – and they don’t see it as a reason to run for the door.
Browsing: News
All the latest technology news from South Africa and around the world.
President Cyril Ramaphosa said consensus is emerging on a plan to revive an economy mired in the worst recession since 1992.
South Africa faces a precipitous economic and political collapse by 2030 unless it changes its economic model and implements growth-friendly policies, according to Eunomix Business & Economics.
A conveyor belt at the giant Medupi coal-fired power station snapped on Wednesday night, prompted state-owned power utility Eskom to warn on Thursday morning of a high risk of load shedding.
Santie Botha and Khanyisile Kweyama are stepping down from the board of Telkom, while Alphonzo Samuels will join the board along with Herman Singh.
Naspers-backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group.
The next-generation Xbox game console finally has a price and release date: The Series X will be out on 10 November worldwide for $499.99 – it will cost R11 999 in South Africa – Microsoft said on Wednesday.
Alviva Holdings said on Wednesday that it’s full-year headline earnings will fall by more than 50%, though it said its prospects have improved since a disappointing set of interim results earlier this year.
The ZA Domain Name Authority has announced it will hike the wholesale fees for .co.za, .org.za, .web.za and .net.za domains next year.
After Naspers was blocked from acquiring a controlling 60% stake in specialist car-buying service WeBuyCars earlier this year, Transaction Capital has announced it is taking a 49.9% stake in the company.