African e-commerce pioneer Jumia said on Wednesday its cost cuts helped it reduce fourth quarter losses by 47% from a year ago, even as revenues continue to slide, showing that its path to profitability was on course.
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Woolworths delivered a more than 58% improvement in headline earnings per share in the 26 weeks ended 27 December 2020, with the retail group benefiting, in part, from a big focus on e-commerce.
Nvidia forecast better-than-expected financial first quarter revenue on Wednesday, with its flagship gaming chips expected to remain in tight supply for the next several months.
Convergence Partners, the investment vehicle created by businessman Andile Ngcaba, has acquired Ctrackâs operations in Africa and the Middle East from Nasdaq-listed Inseego.
Promoted | In this episode of the podcast, representatives from Digital Generation and HP talk about the impact that Covid-19 has had on the local IT industry and how it’s shifted conversations with enterprise customers.
Revego Africa Energy Fund, an investor in South African renewable projects, is looking to raise as much as R1.5-billion by April with the industry poised to grow.
Eskom is expected to complete its unbundling into three divisions by December 2022, according to national treasury.
South Africa signalled a shift in budgetary policy, backtracking on planned tax increases as it switched focus to reigniting the coronavirus-battered economy by bolstering consumption and investment.
South Africa could spend as much as R19.3-billion over the next three years to vaccinate most of its population against Covid-19, national treasury said in a budget presented to parliament on Wednesday.
The architect of Australia’s laws forcing Google and Facebook to pay media companies for content claimed victory on Wednesday though critics said last-minute changes favoured Big Tech.