Chinese brands have gone from fringe players to a fifth of South Africa’s new-vehicle sales.
Top News
Nedbank has appointed Nikos Angelopoulos, formerly MTN Group’s CIO, to the same role at the bank.
Microsoft shares jumped 15% after cloud guidance eased fears that its AI spending had outrun demand.
Second-quarter service revenue grew just 13.2% as tariff base effects washed out and airtime lending collapsed.
More News
Strong growth in Ghana and Uganda has pushed transaction volumes past the half a trillion dollar mark.
MTN is planning AI-enabled data centres in South Africa and Nigeria as it bets on Africa’s infrastructure boom.
Eskom has marked 300 consecutive days without load shedding, with plant outages down 53% year on year.
Prepaid woes and rising bad debts have dragged MTN South Africa’s earnings down, despite strong enterprise growth.
Meta may cut one in five workers as it pours billions into AI infrastructure and talent, three sources have said.
Shoprite has agreed to acquire a majority stake in R&A Cellular, targeting the informal retail sector.
World News
Under regualtory pressure, Apple will begin letting third parties use the iPhone’s payment chip to handle transactions.
Google overnight unveiled a line-up of new Pixel smartphones with deeper integration of its AI technology.
Intel, which is cutting thousands of jobs, recently sold its stake in British chip firm ARM Holdings.
A rare bid to break up Google is one of the options being considered by the US justice department.
