China’s regulators have ended the issuance of game licences through a stopgap approval process, closing the last known official path for making money from new titles in the world’s biggest gaming market.
Blue Label Telecoms chairman Larry Nestadt has acquired millions of rand worth of shares in the company in recent weeks as its stock price continued to plumb levels last seen a decade ago.
Naspers is planning to increase its stake in Indian online food delivery business Swiggy as the start-up plots its third fundraising round of the year, according to people familiar with the matter.
Netstar, a subsidiary of JSE-listed Altron, said on Monday that it has signed a joint venture deal with C Ahead Technology to offer insurance and fleet telematics in India.
Paul Allen’s family office will live long and prosper. The billionaire’s vast holdings at Vulcan would take years to unravel, if that’s even what he wanted.
IBM shares dropped the most in four years on Wednesday after the company missed analysts’ quarterly revenue estimates, ending a short-lived streak of sales gains and casting doubt on its strategy.
Newly appointed EOH Holdings CEO Stephen van Coller is snapping up the JSE-listed IT services group’s shares, a regulatory filing on Monday shows.
Is it time to catch the global stock market’s biggest falling knife? For watchers of Tencent Holdings, whose largest shareholder is South Africa’s Naspers, it’s an increasingly pressing question.
Even for the world’s worst performing stock markets, Thursday’s losses were extreme. China’s benchmark equity gauge closed 5.2% lower, the biggest loss since February 2016, as a global selloff spread.
Investors enamoured of tech stocks that suddenly seem only to fall are searching for answers. The simplest may be that the group just isn’t that special anymore.