Global technology stocks are bouncing back. But distaste for what was the market’s favourite group as recently as mid-2018 is starting to spread among large swathes of money managers.
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The Public Investment Corp breached policy when it agreed to invest in a local technology company before the deal had received the necessary approvals.
It’s hard to believe now that between February 2000 and October 2001, the Naspers share price fell from R96 to less than R15.
South Africa’s inflation rate reached the mid-point of the central bank’s target range of 3-6% in December — something the Reserve Bank says would allow for flexibility in dealing with price shocks.
The company has forecast quarterly revenue sharply below projections, underscoring the deepening slowdown in both iPhone sales and the global economy.
Shareholders at an unprecedented number of JSE Top 40 companies have, in the past year, voted against remuneration policies and/or their implementation.
Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a see-sawing stock market continues to reshuffle corporate America’s pecking order.
Altron’s continued turnaround, under the leadership of CEO Mteto Nyati, delivered the best performance among technology shares listed on the JSE in 2018, TechCentral’s annual review of the sector shows.
The markets may be tanking, but that hasn’t stopped plenty of mega-fortunes from being unearthed in 2018.
Bludgeoned for weeks, a bull market is left for dead, its fate seemingly sealed as session after session of red ink show no sign of letting up. Suddenly, at the last second, a rally – death is averted – and the obituaries go back in the can.