Not only has the Chinese Internet giant lost more market value than any other company worldwide this year, its 38% drop from a closing high in January is now the deepest since Tencent’s 2004 listing in Hong Kong.
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A report on Thursday evening that Nigeria is playing hardball with MTN Group sent the wireless carrier’s shares tumbling more than 10% shortly after markets opened in Johannesburg on Friday.
Elon Musk has insulted the Securities and Exchange Commission days after settling a fraud lawsuit with the US agency, potentially imperiling a deal that allows him to remain Tesla’s CEO.
EOH Holdings financial director John King has resigned. King announced his decision to leave the business at the group’s annual results presentation in Sandton on Wednesday.
The most troubled year in EOH’s history has ended, with the JSE-listed technology services group reporting a loss of R104-million, down from a profit of R1.2-billion in 2017.