Chinese handset rivals of Huawei including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival.

Jeff Bezos has agreed to back Africa-focused financial technology company Chipper Cash, making it his first start-up investment on the continent.

Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.

Takealot.com, South Africa’s largest online retailer, grew revenue by 41% to $238-million, despite being limited to selling only “essential items” during the hard lockdown earlier this year.

Digital currencies ethereum and XRP soared on Monday, gaining momentum as bitcoin powered on towards its all-time high.

Ethiopia’s protracted privatisation process faces sticking issues as the government and prospective investors prepare to meet this week, with an escalating armed conflict starting to add to concerns.

Nikon plans to cut about 2 000 employees, or 10% of its total workforce, due to a slump in its core camera business, Nikkei reported.

Bitcoin mania is back and with it the return of sky-high predictions from celebrity crypto fund managers to Wall Street stalwarts of where it can go next.

Telkom chief financial officer Tsholofelo Molefe has followed CEO Sipho Maseko’s lead in offloading shares in the telecommunications company following publication of its interim results last week.

It’s been a long time coming, but it looks like the sheriff has finally arrived to the Wild West that is the crypto market in South Africa.