Alviva has reported a 1% improvement in full-year revenue, though the number would have been “substantially” higher if it wasn’t for global shortages in semiconductors.
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The selloff in the largest technology stocks is evoking memories of September 2020, when the Nasdaq 100 Stock Index tumbled nearly 13% over a three-week span.
A global surge in initial public offerings, especially in the technology sector, has so far eluded sub-Saharan Africa.
Tencent Holdings is set to lose its place among the world’s 10 largest companies by market value, leaving no Chinese names in the list.
Chat platform Discord has raised $500-million in a new funding round led by investment firm Dragoneer Investment Group.
Datatec’s share price is in the dumps and the management team, led by CEO Jens Montanana, is thinking big to find ways of unlocking value.
Microsoft will conduct an up-to-$60-billion share buyback programme, raise its quarterly dividend by 11% and appoint company President Brad Smith as vice chairman.
Dozens of companies have appealed to UK Prime Minister Boris Johnson to ease restrictions on travel from Southern Africa that are hampering trade.
Tencent and NetEase shed more than $60-billion of value on Thursday as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry.
Mustek has reported a 248% leap in full-year headline earnings per share, hiked its dividend per share by 246% and said revenue climbed by more than a quarter to over R8-billion.