Naspers has its sights set on acquisitions as it targets “significant investments” for its $10-billion cash pile in the next couple of months, chief financial officer Basil Sgourdos said.
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Naspers first-half earnings climbed 39% as it made further progress in turning a profit at its myriad Internet businesses, it said on Friday.
The Public Investment Corp has raised its stake in MTN Group for the second time in as many days, taking advantage of a price that’s close to 10-year lows amid a crisis in Nigeria.
China’s Internet sector wrapped up the third quarter earnings season with its slowest growth on record.
Reunert lifted revenue by 7% in the 2018 financial year to R10.49-billion, buoyed by improvements in the JSE-listed group’s ICT and applied electronics segments.
Microsoft is faring better than its more celebrated peers as losses pile up for technology stocks.
Tech stocks are having another rough day with chip makers extending a three-session slide and many of the biggest tech and Internet names adding to Monday’s losses.
Apple shares dropped close to bear market territory on Monday on concern consumers are no longer clamouring for its cornerstone product, the iPhone.
Financial services chatbot developer FinChatBot has secured R7-million in funding from South Africa’s Kalon Venture Partners and Mauritius-based Compass Venture Capital.
There is certainly a lot of volatility in the technology space right now, but some of the recent investor nervousness is being driven by interest-rate concerns.