JSE-listed electronics group Jasco has announced it is moving ahead with a rights offer as it seeks to raise capital to “stabilise” its balance sheet.
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The extent of the Chinese tech stocks’ underperformance when compared to the US is astounding. By Anchor Capital’s Seleho Tsatsi.
Mimecast, the e-mail security provider with its roots in South Africa, has rejected a buyout offer from Thoma Bravo-backed Proofpoint.
Austria-based education technology start-up GoStudent has raised €300-million in a new round of funding led by Prosus.
Take-Two Interactive will acquire mobile game maker Zynga in a cash-and-stock deal at an enterprise value of nearly $12.7-billion.
Prosus CEO Bob van Dijk has purchased about $10-million of the company’s shares on the open market.
Investors have enjoyed world-beating returns for years by owning shares of trillion-dollar technology companies.
China’s tech stocks fell once again on Wednesday as firms backed by Tencent Holdings came under pressure after the firm pared investment in the sector for a second time in two weeks.
Government is concerned about the impact that power outages had on the economy in the second quarter.
Apple on Monday became the first company to hit a $3-trillion stock market value, before ending the day a hair below that milestone.