Microsoft shares jumped 15% after cloud guidance eased fears that its AI spending had outrun demand.
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Nedbank has appointed Nikos Angelopoulos, formerly MTN Group’s CIO, to the same role at the bank.
Eskom recorded a daily energy availability factor of 80.24% on 20 July, its best single day since 20 September 2017.
The transmission operator will own the assets outright, reversing a plan approved by the energy minister in December.
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As stablecoin adoption rises, traditional financial institutions are rushing meet the needs of businesses and consumers.
The three-year global partnership agreement will scale the use of AI across Prosus portfolio companies.
Fresh FMO funding accelerates Lula’s growth as demand rises for alternative SME working capital solutions.
Strong growth in Egypt and the DRC offset weak South African prepaid performance to lift Vodacom’s quarterly revenue.
Xneelo has begun construction on a second data centre at Samrand in Gauteng.
A partnership between four financial institutions has led to the launch of an “institutional-grade” stablecoin pegged to the rand.
World News
If China invades Taiwan, ASML and TSMC have ways to disable the world’s most sophisticated chip-making machines.
Sonos is entering the headphones market, part of an effort to turn the company into a broader maker of consumer technology.
Scarlett Johansson has accused OpenAI of creating a voice for ChatGPT that sounded “eerily similar” to hers.
Apple has launched an aggressive discounting campaign in China as it fights to retain market share against Huawei.
