If you’re looking for evidence of South Africa’s faltering economy, the performance of shares in its biggest companies is a good place to start.
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With $2-trillion added since Christmas, the Nasdaq 100 has a shot at beating the market for the 10th time in 11 years. But it may be taking on dot-com-era trappings.
For technology stocks, the superlatives are endless this year. But rather than take profits and run, investors are flooding the space.
The Nasdaq 100 closed at a record of 7 680.72 on Wednesday, surpassing its August 2018 peak and extending its year-to-date gain past 21%.
Despite some short-term potential headwinds, there may be a long-term investment case to be made for the pay-television operator. By Renier de Bruyn.
The perennial worry about European technology is that there isn’t a consumer-facing giant to rival the size of Apple, Google, Facebook and Amazon.com. In one fell swoop, it’s about to get one. Sort of.
Naspers CEO Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value the South African firm nearer to its $133-billion stake in Tencent. A plan for a Dutch listing is his boldest step yet.
TechCentral editor Duncan McLeod spoke to Naspers chief financial officer Basil Sgourdos about the group’s plans to list its international consumer Internet businesses in Amsterdam and what happens next.
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
Tencent Holdings’ quiet recovery has turned dramatic, leaving traders to wonder whether there’s a hidden reason behind the stock’s latest leg up.