The rand has erased the year’s losses and South Africa’s benchmark stock index closed at the highest level in nine months.
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Apple’s quarterly results beat modest expectations as the iPhone maker unveiled a record share buyback programme.
Although Ellies Holdings is facing liquidation, the group’s underlying businesses could yet be saved.
Analysts see iPhone sales, which account for about half of Apple’s revenue, falling 10.4% in the first three months of 2024.
South Africa has strong institutions that can buttress its economy, the head of research at Standard Chartered Bank said.
Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.
African tech and start-up firms are becoming too attractive for global investors to ignore, according to Lexi Novitske.
Alphabet announced its first-ever dividend on Thursday and a $70-billion stock buyback, cheering investors.
Meta shares plunged 14% in pre-market trading on Thursday after news of its planned spending on AI unnerved investors.
The operator of the JSE has proposed easing listing requirements in a bid to encourage smaller companies to the bourse.