Naspers, whose share price has fallen in tandem with affiliate Tencent, in which it holds a 31.2% stake, offers “significant value at these levels”, Ashburton Investments said on Wednesday.
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More bad news for Tencent: the Chinese Internet giant has lost its spot as one of the world’s 10 biggest companies.
Huawei has overtaken Apple in smartphones. Now it wants to take on some of America’s largest technology companies in semiconductors.
Less than a year after a severe data breach affected data centre provider Hetzner, the company has disclosed to its clients that their details may have been compromised in another “security incident”.
Google showed off a pair of new Pixel phones, a tablet computer and a speaker with a screen in a deluge of new products aimed at competing with the latest gadgets from big technology rivals.
Helios Towers wants to enter South Africa within the next year, helping the mobile phone tower operator build scale as it prepares for a stock market listing as early as 2019.
Snap “is quickly running out of money” and may need to raise capital by the middle of next year, according to a scathing new research report from MoffettNathanson.
Nigeria’s central bank governor will meet with MTN Group and four banks to negotiate a dispute over $8.1-billion the bank says was transferred illegally out of the country, sources said.
Not only has the Chinese Internet giant lost more market value than any other company worldwide this year, its 38% drop from a closing high in January is now the deepest since Tencent’s 2004 listing in Hong Kong.
In this episode of the podcast, Duncan McLeod interviews Shaun Dippnall, co-founder of the Explore Data Science Academy, on the launch of Explore 10X, a programme to develop new fintech businesses in South Africa.