Big Tech powered US stocks to a third straight winning year in 2021, as giants such as Apple and Microsoft continued to see strong demand.
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Huawei has pledged to step up investment in software and digital power technology, seeking to overcome US sanctions that dragged sales to a fifth straight slump.
South Africa’s recovery from its deepest economic contraction in almost three decades risks stalling due to the fallout from a fourth wave of coronavirus infections.
Tencent will hand a R258-billion JD.com stake as a dividend to its shareholders, raising questions about its plans for other holdings.
Naspers Foundry has invested R54-million in car subscription company Planet42 as part of a R91-million total equity funding round.
China’s biggest live-streaming and e-commerce platforms saw shares drop after the country slapped an unprecedented tax evasion fine on a top influencer.
Businesses countrywide will from 1 February pay up to 1 700% more for unrest insurance, with e-commerce companies are also in for a nasty surprise.
SweepSouth, the on-demand home cleaning company backed by Naspers, has acquired 100% of FilKhedma, an Egyptian start-up.
South Africa’s inflation rate jumped to the highest level in almost five years in November.
South Africa recorded R557.9-billion of foreign direct investment inflows in the third quarter of 2021.