Reunert lifted revenue by 7% in the 2018 financial year to R10.49-billion, buoyed by improvements in the JSE-listed group’s ICT and applied electronics segments.
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Microsoft is faring better than its more celebrated peers as losses pile up for technology stocks.
Tech stocks are having another rough day with chip makers extending a three-session slide and many of the biggest tech and Internet names adding to Monday’s losses.
Financial services chatbot developer FinChatBot has secured R7-million in funding from South Africa’s Kalon Venture Partners and Mauritius-based Compass Venture Capital.
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.