South African business confidence has jumped to the highest level in more than two years as further easing of lockdown restrictions spurred a resurgence in activity.
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South Africa’s headline consumer price inflation quickened to 3.3% year on year in October from 3% in September, data from Statistics South Africa showed on Wednesday.
Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla co-founder passed Bill Gates to become the world’s second richest person.
Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.
Naspers has agreed to invest R45-million for a stake in online learning platform The Student Hub, which helps TVET colleges overcome physical infrastructure constraints.
Prosus, the giant investor in online classifieds, food delivery and payments, expects to report a 16.9% to 22.7% growth in earnings per share for the six months to the end of September, it said on Monday.
Investment holding company Kagiso Capital has invested R100-million in Stellenbosch-based Alphawave Group, a specialist technology investment firm.
Technology group Alviva Holdings said on Thursday that it has agreed to buy rival Tarsus Technology Group for a maximum consideration of R185.4-million in cash.
A new research report published by Google and the International Finance Corp has found that Africa’s Internet economy could contribute 5.2% of the continent’s GDP within five years.
Tencent joined much of China’s Internet sector in a $290-billion selloff on Wednesday after Beijing signalled its strongest intentions yet to rein in Big Tech. Yet it’s in some ways better shielded than its peers.