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.
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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.
Telkom is aiming to reduce the gap its shares are trading at to the net worth of its assets in the next three to five years, its CEO said on Tuesday, as the company drives to unlock value across its businesses.