Aerobotics, a Cape Town-based company that pairs drone and satellite imagery with artificial intelligence to help farmers improve their yields, has announced it has expanded a its Series-A funding round.
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Shares in Mustek climbed in early trade on Tuesday after the ICT company said it expects headline earnings per share to rise by as much as 25% in the six months ended 31 December 2018.
Google parent Alphabet reported thinner profit margins as the Internet giant spent heavily to expand its cloud and YouTube businesses. The company’s shares slipped in late trading.
Apple has reported a decline in both revenue and profits in its latest quarterly financial results, as the company feels the pinch from slowing demand for its star product, the iPhone.
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.
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.