Chinese gaming and social media group Tencent Holdings, partially owned by Naspers spin-off Prosus, on Wednesday reported a market-beating 26% jump in quarterly sales, helped in part by its online gaming business.
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Shares in Taiwan’s TSMC fell nearly 4% on Wednesday after Intel announced a $20-billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s economy minister sought to downplay the impact.
Microsoft president Brad Smith has cast doubt on whether fintech companies should issue currencies, saying governments are still best-placed to play that role.
National treasury is considering whether it would be better to move a chunk of Eskom’s R464-billion of debt into a special-purpose vehicle or have the state take over responsibility for it directly.
The supreme court of appeal has refused to entertain an application from Telkom seeking leave to appeal a high court judgment that handed victory to rival Vodacom over the use of Telkom’s ducts used to carry broadband cables.
South African fibre telecommunications infrastructure company MetroFibre Networx has raised R2.5-billion in new debt financing, led by Investec, adding to the R1.5-billion recently raised from shareholders.
Just a week after its CEO, Pieter Engelbrecht, teased the launch of its own mobile service, Shoprite Group has provided details of the launch K’nect Mobile, its mobile virtual network operator platform.
London-listed Helios Towers has reached agreements to buy and deploy over 2 500 high sites from and for Airtel Africa Group in deals that potentially give it access to four “attractive new markets”.
Former US President Donald Trump, who has been banned from Twitter and other major social media platforms, said he’s working on his own platform to reach his followers that could be announced soon.
Elon Musk’s SpaceX will be landing its Starship rockets on Mars well before 2030, the billionaire entrepreneur said in a tweet on Tuesday.