The rand is stronger against the US dollar than it was a decade ago as a falling dollar and surging gold price lift the local currency.
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Amazon is cutting 16 000 jobs worldwide in the second major round of layoffs at the company in three months.
iCAUR has confirmed it will enter South Africa with 20 dealerships, launching two models and a national support network.
AI wearables are advancing fast, but affordability and functionality will keep smartphones firmly in charge for now.
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Google has appointed former Oracle South Africa MD Niral Patel as head of its cloud operations in sub-Saharan Africa.
The flight of top taxpayers has long been a thorn in the side of national treasury. But the coronavirus crisis and recent riots could prove to be a tipping point.
Takealot Group will replace long-serving CEO Kim Reid on 1 October. The role will be filled by Mamongae Mahlare, who joins South Africa’s largest online retailer from Illovo Sugar.
Eskom has suspended several employees after an explosion at Unit 4 at the Medupi power station caused what the utility has described as “extensive damage” to the facility.
Moove, a Nigerian fintech start-up that also operates in South Africa and Ghana, has raised $23-million (R335-million) in series-A funding to expand its tech-based vehicle financing platform.
The Competition Tribunal has given the green light for JSE-listed Transaction Capital to buy a controlling 74.9% stake in South African online car marketplace WeBuyCars. No conditions were attached.
World News
Donald Trump has ratcheted up his battle with China for dominance of 5G technology networks, moving to curb Huawei’s access to the US market and American suppliers.
US President Donald Trump plans in coming days to sign an executive order that would prohibit American firms from using gear made by foreign telecommunications companies.
Tencent Holdings’ quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance the Chinese gaming behemoth is bound for a revival.
Vodacom Group parent Vodafone Group’s dividend has cracked under the strain of falling revenue, soaring spectrum costs and a $21-billion acquisition, in a grim reality check for Europe’s struggling phone industry.
Last week Republicans seized on news that David Plouffe, a senior advisor in the White House, had accepted $100 000 from a subsidiary of MTN for two speeches he gave in Nigeria shortly before joining the White House staff in 2010. “Today’s story raises serious questions about [US President] Barack Obama’s senior
Telkom’s R449m fine handed down this week for anticompetitive practices could be only the start of its problems. Senior competition lawyers are expecting a string of damages claims from its competitors. The Competition Tribunal found Telkom guilty of anticompetitive practices, which opens
