Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them.
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Apple and Microsoft, already dominant in technology-stock indexes, are about to become even more so.
JSE-listed Reunert has reach an agreement to buy 74.2% of management and technology consulting firm IQbusiness.
S&P Global late on Wednesday downgraded its outlook on South Africa to “stable” from “positive”, citing infrastructure constraints and the severe power crisis.
Business sentiment declined to a two-year low in the first quarter as severe power outages and dilapidated logistics networks hobbled economic activity.
The rand dropped sharply overnight and hit its lowest level in almost three years early on Wednesday. Blame the Fed.
South Africa’s economy shrank more than expected in the fourth quarter, when Eskom intensified rolling blackouts.
The major shareholder in technology group Jasco Holdings has firmed up plans to buy out minority investors and take the business private.
Tencent Holdings founder Pony Ma and others from China’s crackdown-hit Internet sector will be absent from this year’s parliamentary sessions.
Lescault and Walderman has bought a majority stake in AWCape, a South African Sage business partner, for an undisclosed sum.