Apple’s run as a $3-trillion stock proved fleeting. Now its grip on a $2-trillion market value is looking wobbly, too.
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The flood of venture capital into African technology companies over the past three years is drying up amid the global market downturn.
The 500 wealthiest people in the world have lost a combined $1.4-trillion, including $206-billion on Monday alone.
The rand fell on Monday, ahead of the US Federal Reserve and the Bank of England’s interest rate decisions.
This is after the company’s acquirer, UK-based ROX Equity Partners, agreed to waive the delisting requirement in its offer to shareholders.
South Africa’s economy grew more than expected in the first quarter, recovering to the level it was before the Covid-19 pandemic.
The heady, decades-long era of rapid sales gains, boundless jobs growth and ever-soaring share prices is coming to an end.
Meta Platforms said its class-A common stock will begin trading on the Nasdaq under the ticker symbol “META” prior to market open on 9 June.
Huge Group has secured new debt financing from Rand Merchant Bank, in the process refinancing existing debt and giving the firm additional ammunition for acquisitions.
JSE-listed Huge Group, which has been quiet since abandoning its pursuit of now-delisted Adapt IT, said on Monday that it has acquired a stake in Glovent Solutions.