Jeff Bezos is about to relinquish the title of world’s richest person to Bill Gates, as Amazon.com shares tumbled in late trading on Thursday.
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Tencent’s accelerating sell-off could get a lot worse if the stock fails to hold above its key support level.
JSE-listed vehicle telematics company Cartrack has delivered a strong set of financial results for the six months ended 31 August 2019, reaching a million subscribers for the first time.
Naspers affiliate Tencent’s shares are dangerously close to losing a key support level.
Shareholders of 4Sight Holdings have demanded an explanation as to why a special meeting, which took place on 11 October to remove and appoint directors, was “improperly” and “unlawfully” adjourned.
A special general meeting of 4Sight shareholders, at which the removal and election of a range of board directors was to be voted at, was called off prematurely on Friday.
A special meeting of 4Sight Holdings shareholders on Friday looks set to be a fiery affair after a leading director quit on Monday, describing his continued presence on the board as untenable.
Listed software group Adapt IT has delayed publication of its annual results to mid-October and warned of a fall in headline earnings per share.
Education technology company Snapplify has raised R30-million in “expansion capital” from Knife Capital via its Sars section 12J VC firm KNF Ventures and investment manager Hlayisani Capital’s Hlayisani Growth Fund.
Microsoft, the world’s largest software maker, said it will repurchase as much as US$40-billion of shares in a new buyback programme and boosted its quarterly dividend by $0.05 to $0.51/share.