The rand weakened as the dollar hit a two-decade high after US data showed a strong economy, raising expectations of higher interest rates.
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Investment holding company Huge Group plans to make a “significant” investment in Interfile Group, a specialist software company.
A regulatory agency in Zimbabwe is holding up the sale by Altron of its Altron Document Solutions subsidiary to Xerotech.
Walmart looks set to buy out minority shareholders in Makro parent, JSE-listed Massmart, as the US retail giant doubles down on its South African operations.
JSE-listed Blue Label Telecoms on Thursday reported robust full-year results, with a big expansion in gross profit margin.
South Africa’s headline consumer inflation quickened to 7.8% year on year in July from 7.4% in June, data from Statistics South Africa showed.
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Blue Label Telecoms expects to report an improvement of up to 38% in headline earnings per share for the year ended 31 May 2022.
Tencent Holdings logged its first-ever decline in quarterly revenue, becoming the latest victim of a worsening Chinese economy.
US Internet giant Google has acquired a stake in East African e-logistics company Lori Systems for an undisclosed sum.