Naspers’s European-listed Internet investment holding company Prosus announced on Friday that it plans to acquire up to $5-billion in both Naspers and Prosus shares in a massive share buyback programme.
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Alphabet rallied, Apple sank and Twitter tumbled on Thursday after a mixed bag of quarterly reports from top-tier technology companies.
Ant Group may not be a household name in most of the world, but the Chinese fintech behemoth controlled by Jack Ma has set off an investor frenzy for the history books.
Hasso Plattner, chairman of SAP, bought shares worth nearly €250-million in the German software company on Monday after a once-in-a-generation price slide triggered when management dumped its profit targets.
Altron has decided to move ahead with the planned listing of its Bytes UK subsidiary on the London Stock Exchange in an effort to unlock value for shareholders.
Hedge funds have pulled back from one of the biggest short positions in US tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.
President Cyril Ramaphosa on Thursday unveiled a plan to revive the economy, with job creation, increased infrastructure investment, enhanced energy security and more local manufacturing among its key tenets.
Five hours after TechCentral broke the news on Tuesday morning that JSE-listed Alviva Holdings is in talks to buy rival Tarsus, the company has confirmed a deal is in the offing.
BriteGaze, the artificial intelligence venture launched by former Liquid Telecom South Africa CEO Reshaad Sha, said on Monday that it has completed a feasibility study for the launch of BriteGaze Fund One.
Tesla’s upcoming quarterly report could put another US$3-billion in CEO Elon Musk’s pocket. That’s R50-billion at the time of writing.