Megacap US technology stocks are sinking again along with hopes that this year’s selloff had reached the point of exhaustion.
Apple has told its suppliers to speed up iPhone development after China’s strict Covid-19 lockdowns hampered the schedule for at least one of the new phones, a report said.
Until recently, Tesla was considered the ultimate growth stock, rising 50% last year and closing at $1 145 on 4 April. No longer.
Apple, facing mounting criticism of its App Store policies, has defended the platform by pointing to the small-business jobs and revenue it generates.
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TymeBank has announced a big management shake-up, with CEO Tauriq Keeran moving into the role of group executive for growth projects.
Standard Bank South Africa CEO Lungisa Fuzile has apologised profusely for the bank’s extended downtime at the weekend – the latest in a series of incidents.
South Africa is falling behind its African peers in the blockchain investment race, but the country is making solid progress in creating a regulatory framework to govern the sector.