Tencent joined much of China’s Internet sector in a $290-billion selloff on Wednesday after Beijing signalled its strongest intentions yet to rein in Big Tech. Yet it’s in some ways better shielded than its peers.
South Africa’s unemployment rate jumped to 30.8% in the third quarter from 23.3% in the second quarter, the government statistics agency said on Thursday.
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Telkom’s ICT services business BCX will spin off its data centre business into another Telkom subsidiary, Gyro, and the telecommunications group may then seek external investors.
The SABC on Wednesday said it had concluded consultations under section 189 of the Labour Relations Act and would now retrench 400 employees 200 fewer than the 600 it said previously it might have to let go.
TikTok-owner ByteDance is on track to generate at least $27.2-billion in advertising revenue in China alone this year, which will cement its number two spot in China’s digital ad market, sources said.
Podcast | A new emerging markets-focused video streaming platform called Monsooq, developed by multinational media group Mondia, has been launched in South Africa, with the country the first market worldwide to get access.
ByteDance, the Chinese parent company of TikTok, has filed a petition with a US appeals court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.
Promoted | In this episode of the podcast, TechCentral chats to FuseForward MD Premie Naicker about the proof of concept the Amazon Web Services partner is involved with at the Da Vinci Institute.