MTN Group is close to agreeing an $800-million settlement with Nigerian authorities over a claim it illegally transferred $8.1-billion funds out of the country, according to a person familiar with the situation.
Standard Bank and AVI have announced they will list on new South African stock exchange A2X.
Private equity investment firm Ethos has launched a new fund, targeting R1-billion, that will invest in artificial intelligence companies in South Africa.
Former Vodacom Group executive Romeo Kumalo has started a tech-focused South African investment firm and aims to raise as much as R2.9-billion in an initial public offering next year, sources say.
Blue Label Telecoms, taking advantage of its low share price, has bought back almost 3.5% of the company’s issued share capital, it said on Monday.
Apple shares tumbled on Friday amid concerns that growth in its powerhouse product, the iPhone, is slowing.
On the same day the world’s largest company issues its biggest disappointment in years, US President Donald Trump, does an about-face on China.
Naspers soared the most in close on four years Wednesday as investors got two pieces of good news.
Samsung Electronics has posted quarterly profit that topped analyst estimates on growth in its memory chip business, but signalled caution in semiconductors by announcing a cut in capital spending for the year.
Facebook CEO Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories”, not the company’s famous news feed. Investors are buying into the vision for now.