ByteDance is in discussions over a $2-billion financing round before listing some of its businesses in Hong Kong, people familiar with the matter said, as talks over a sale of TikTok to Oracle and Walmart stall.
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A drive to shift South Africa’s electricity production to renewable energy is threatening as many as 120 000 jobs at coal mines and power plants that use the fuel, a research consultancy said.
South Africa’s weak economy and poor growth prospects have hidden the “phenomenal” potential for the shares in some locally focused companies to deliver returns for investors, according to Old Mutual Investment Group.
South African private sector activity expanded for the first time in 18 months in October as an easing of coronavirus restrictions continued to boost output and new sales, a survey showed on Wednesday.
The shock suspension of Ant Group’s $35-billion initial public offering is just the beginning of a renewed campaign by China to rein in the fintech empire controlled by Jack Ma.
Almost $1-billion (R16.2-billion) worth of bitcoin that likely originated from Silk Road is on the move, according to blockchain tracker Elliptic.
JSE-listed telecommunications operator Telkom said on Tuesday that it expects headline earnings per share to rise by as much as a quarter in the six months to 30 September 2020, sending its shares leaping higher.
The paint has barely dried on phase 1 of Teraco’s huge new expansion of its Isando data centre but the company is already embarking on its next big build: a massive, R4-billion facility north of OR Tambo International Airport.
Podcast | TechCentral spoke to Bank Zero co-founder and executive director Lezanne Human about its launch plans and what is involved in launching a new bank in South Africa from a regulatory and technology perspective.
Two weeks ago, Jack Ma somehow found the time to opine on China’s banking system at a high-profile financial forum in Shanghai, once again throwing himself into the eye of the storm. That’s now costing him big time.