Naspers first-half profit climbed 11%, driven by a large contribution from Chinese Internet giant Tencent.
South Africa’s decline is accelerating and the country risks becoming a lower-middle-income nation by 2028, a new model shows.
Nvidia could become the first trillion-dollar semiconductor company, analysts believe, after an extraordinary rise in its valuation this year.
The South African Reserve Bank raised its main lending rate by 25 basis points to 3.75% on Thursday, citing increased inflation risks.
Tesla CEO Elon Musk got into a spat with Bernie Sanders on Sunday after the US senator demanded the wealthy pay their “fair share” of taxes.
There is excellent upside potential in Naspers and Prosus’s overall portfolio of assets outside of the celebrated stake in Tencent. By Marc Talpert.
Tesla CEO Elon Musk unloaded $5-billion of stock in the electric car maker, shortly after holding a poll on Twitter over whether he should sell 10% of his stake.
Tencent posted a 3% rise in third quarter profit, beating analyst expectations even as it flagged heightened regulatory scrutiny and a slowdown in advertising.
Nvidia extended its rally on Tuesday, briefly driving the company’s market value over $800-billion.
The Google parent breached $2-trillion in market value for the first time on Monday, fuelled by digital ads and cloud services.