Interim profit slipped 93% as the technology investor increased funding of its businesses and took a knock from Tencent.
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Naspers shares were trading more than 5% lower on Tuesday after the JSE-listed technology investor warned about a big slide in earnings.
Elon Musk’s losses for 2022 topped $100-billion as shares of Tesla dropped to the lowest level in two years.
The Rohatyn Group said it will acquire South Africa’s Ethos Private Equity to help the US investment firm expand on the continent.
The Bill & Melinda Gates Foundation will spend the funds over the next four years in five countries, including South Africa.
Tencent Holdings on Wednesday said it will distribute most of its stake worth R350-billion in food delivery firm Meituan to its shareholders.
“Musk has managed to do what the bears have unsuccessfully tried for years – crush Tesla’s stock,” Wedbush analyst Daniel Ives said.
Berkshire Hathaway has bought more than $4.1-billion of stock in Taiwan’s TSMC, a rare significant foray into the technology sector.
EOH has announced details of its plan to go to shareholders for cash to resolve its legacy debt issues, sending its share price sliding to a multi-year low.
Apple’s status as a relative haven is under threat amid growing concern that iPhone sales are weakening.