Global technology stocks are treading on shaky ground despite last week’s rally, as chip makers signal more trouble may be ahead.
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Sanari Capital has announced the first close of a new, R475-million private equity fund for investment in South African growth companies.
Tencent shares worth $7.6-billion have appeared in Hong Kong’s clearing and settlement system, spurring speculation.
For early backers, including Naspers, they’ve been some of the most profitable Chinese stock investments of all time.
South Africa’s economy contracted back to pre-pandemic size in the second quarter, weakened by the country’s worst-ever power cuts.
The rand weakened as the dollar hit a two-decade high after US data showed a strong economy, raising expectations of higher interest rates.
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.