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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BMW South Africa’s CEO says the motoring industry wants targeted policy tweaks, not steep import duty hikes.
Woolworths South Africa’s online channels continued to grow robustly over the past six months.
Tesla plans to more than double capital spending to a record high of more than $20-billion this year.
Samsung Electronics has forecast a worsening chip shortage this year driven by the AI boom.
Government is seeking to boost local automotive manufacturing while Chinese brands weigh investment versus market risks.
AI wearables are advancing fast, but affordability and functionality will keep smartphones firmly in charge for now.
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The exodus is now nearly complete for the Apple design group that worked under Jony Ive.
The US has revoked licences that allowed US companies to ship chips used for laptops and handsets to Huawei.
Nigeria has vowed to ban person-to-person cryptocurrency trading in the naira in an effort to protect the local unit.
Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes.
