Telkom shares jumped on Thursday after it emerged on Wednesday evening that the company plans a major retrenchment round that could see up to a fifth of its workforce let go.

The so-called phase-one US-China trade pact has done little to allay fears about Huawei Technologies’ prospects and those of its key suppliers, two analyst research reports suggest.

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Toyota is making a $394-million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets.

Glencore is negotiating a long-term contract to ship cobalt to Tesla ’s new electric vehicle factory in Shanghai, according to people familiar with the matter.

Apple has acquired Seattle-based artificial intelligence company Xnor.ai, bringing on more talent in a key area of technology.

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It’s turning out to be a bleak start to the new year for employees at the partially state-owned telecommunications operator Telkom, with as many as 3 000 jobs on the line.

Ka-ching! Naspers CEO Bob van Dijk just made a cool R1-billion through the sale of shares in the group. However, he intends to reinvest most of the proceeds back into the group in the form of bonds.

Rain will sell its Broadlink telecommunications business to Internet and cloud service provider CipherWave, TechCentral has learnt.