Huawei Technologies will stop making its flagship Kirin microchips next month, financial magazine Caixin said on Saturday, as the impact of US pressure on the Chinese tech giant grows.
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MTN Group is considering selling its stake in Iran’s ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East.
South African investigators are seeking to recover more than R400-million from German software giant SAP for two government contracts they allege were entered into unlawfully, court documents show.
Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors.
Tencent, one of Asia’s biggest companies, is little known beyond the tech world. But its WeChat super app has more than a billion users worldwide.
Index heavyweight Naspers dropped 4.4% after US President Donald Trump signed a pair of executive orders prohibiting US residents from doing business with the Chinese-owned TikTok and WeChat apps.
A pact between South Africa’s government, labour unions and business to cut Eskom’s debt won’t include a pledge to use the pensions of state workers as had been initially proposed.
Mark Zuckerberg’s net worth passed $100-billion for the first time on Thursday after Facebook hit a record on optimism about the release of its TikTok competitor Reels.
The Trump administration’s move to ban US residents from doing business with Tencent’s WeChat app rippled through Chinese markets, erasing $46-billion from the Internet giant’s market value.
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