Three of the top six officials of South Africa’s ruling party told President Jacob Zuma that they opposed his plan to fire finance minister Pravin Gordhan, a person with knowledge of the matter said. Zuma told the ANC leaders

Mercedes-Benz is accelerating its roll-out of battery-powered cars in a race to meet tighter emissions rules as European buyers turn away from fuel-efficient diesel cars. In a €10bn project, the world’s largest

Capitec Bank hopes that its acquisition of Creamfinance, a European online lending firm, will eventually lead the establishment of a digital-only bank overseas. “We’re building a digital bank on this side and they’re

Facebook is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising – it’s the fourth time the

Amazon.com has agreed to buy Dubai-based online retailer Souq.com, whose shareholders include Naspers and Tiger Global Management, betting that e-commerce in the Middle East is poised to take off. The US e-commerce

Tesla has won a vote of confidence from Chinese Internet giant Tencent Holdings, whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about US$1,8bn