Financial services chatbot developer FinChatBot has secured R7-million in funding from South Africa’s Kalon Venture Partners and Mauritius-based Compass Venture Capital.
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There is certainly a lot of volatility in the technology space right now, but some of the recent investor nervousness is being driven by interest-rate concerns.
Tencent Holdings posted earnings that surpassed all analyst estimates as one-time gains and advertising demand limited the impact of a government clampdown on its lucrative games business.
MTN Group is close to agreeing an $800-million settlement with Nigerian authorities over a claim it illegally transferred $8.1-billion funds out of the country, according to a person familiar with the situation.
Standard Bank and AVI have announced they will list on new South African stock exchange A2X.
Private equity investment firm Ethos has launched a new fund, targeting R1-billion, that will invest in artificial intelligence companies in South Africa.
Former Vodacom Group executive Romeo Kumalo has started a tech-focused South African investment firm and aims to raise as much as R2.9-billion in an initial public offering next year, sources say.
Blue Label Telecoms, taking advantage of its low share price, has bought back almost 3.5% of the company’s issued share capital, it said on Monday.
Apple shares tumbled on Friday amid concerns that growth in its powerhouse product, the iPhone, is slowing.
On the same day the world’s largest company issues its biggest disappointment in years, US President Donald Trump, does an about-face on China.