Chinese tech shares tumbled on Friday as renewed regulatory concerns unnerved investors still reeling from wild price swings this week.
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MTN Group resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit.
Prosus expects to write off the equivalent of R11.8-billion and has asked its directors on the board of social media platform VK to resign.
Traders are adding bets on an outsized interest rate increase in South Africa later this month as the surge in the price of oil fuels inflation expectations.
Massmart has reported full-year results stained in red ink thanks in part to the impairment an SAP ERP system at troubled retailer Game.
Microsoft plans to help accelerate the growth of 10 000 start-ups in Africa over the next five years through various financing and support mechanisms.
MTN Group’s share price topped R200/share on Wednesday, the first time the JSE-listed telecoms giant has touched these levels in nearly seven years.
Mustek has continued its robust financial performance, on Wednesday reporting growth in interim headline earnings per share of 17.3%.
Blue Label Telecoms’ co-CEOs Mark and Brett Levy have expressed their frustration that investors continue to punish Blue Label for their Cell C deal, despite the solid performance of the group in recent years.
Alviva Holdings’ headline earnings per share will more than double in the six-month period ended 31 December 2021, with all division delivering.