Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the Covid-19 would lead to a flood of online orders.
Microsoft on Wednesday said the Surface Duo, its dual-screen smartphone powered by Android, will start at a price of $1 399 and arrive in stores from 10 September. It will not be sold in South Africa at launch.
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Tesla on Tuesday announced a five-for-one stock split, sending the electric car maker’s recently high-flying shares up 7% in extended trade.
The R3.8-billion claim Eskom has made against former executives as well as former minister Mosebenzi Zwane and the Gupta brothers, is a matter of principle, CEO André de Ruyter said on Tuesday.
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Donald Trump’s WeChat ban targets a celebrated Chinese innovation at the heart of the world’s largest mobile gaming and social media empire, threatening one of the more eye-catching stock rallies of 2020.
HMD Global, the maker of Nokia-branded smartphones, has secured $230-million of investment from partners including Google and Qualcomm to help accelerate its development of 5G devices.
The appointment of a white treasurer at Eskom has become mired in allegations of racism, deepening a political dispute between a rabble-rousing opposition party and a cabinet minister.