Microsoft is overhauling its Xbox gaming business and divesting up to five studios as it looks to boost returns.
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Naspers subsidiary Prosus has reported its consumer platforms as profitable across all regions for the first time.
Datatec CEO Jens Montanana has reset the floor and ceiling on a 2.4-million-share collar as the company’s share price surges.
General Atlantic is backing Westcon-Comstor as investor and lender, freeing R7.1-billion for a planned special dividend.
Naspers and its European spin-off, Prosus, expect full-year core headline earnings to jump by up to 28%.
When the largest initial public offering in history hit the market, South Africans bought in fast.
Inflation rose by less than expected in May, which analysts said reduced the likelihood of another interest rate hike.
SpaceX roared past Amazon’s market valuation on Tuesday and briefly topped that of Microsoft.
Microsoft’s Xbox division is reportedly planning major layoffs next month and significant cuts to marketing and other budgets.
Altron FinTech’s household resilience index gives merchants and lenders early warning of consumer financial strain.