Microsoft’s Xbox division is reportedly planning major layoffs next month and significant cuts to marketing and other budgets.
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Altron FinTech’s household resilience index gives merchants and lenders early warning of consumer financial strain.
OpenAI’s listing will join SpaceX and Anthropic in a trio of trillion-dollar debuts testing investor appetite.
Business is calling for urgent intervention to stabilise a city that accounts for 16% of South Africa’s GDP.
Orders of about $150-billion, double the $75-billion target, mark impressive demand for the largest IPO ever.
Elon Musk’s SpaceX wants a $1.75-trillion valuation despite posting a near-$5-billion loss last year.
Telkom CEO Serame Taukobong sees at least four to five more years of data-driven growth, and not only on mobile.
Inflation hit 4% in April as the Iran war lifted fuel costs, prompting the Reserve Bank to tighten monetary policy.
A sharp cut to the price of diesel should help ease cost pressures across freight, technology and e-commerce.
The Reserve Bank has lifted the repo rate by 25 basis points to 7%, citing a sharp jump in fuel prices.