As Blue Label’s share price on Wednesday fell to the same level as its debut price on the JSE 11 years ago, the company’s management team has moved to assure the market that its acquisition of 45% of Cell C was not only well thought through but will deliver the expected returns.
There is a high risk of rolling electricity blackouts in South Africa on Wednesday evening, state-owned power monopoly Eskom said in a statement.
Apple’s Tim Cook is set to collect stock worth about $120-million (about R1.7-billion) this week thanks to a run-up in shares of the iPhone maker.
Xiaomi delivered a 68% revenue jump and quarterly profit in its maiden earnings report, as the Chinese smartphone giant made strides overseas while fending off a challenge from local rivals such as Oppo.
A backlash against the app stores of Apple and Google is gaining steam, with a growing number of companies saying the tech giants are collecting too high a tax for connecting consumers to developers’ wares.
South African inflation accelerated to the highest level in 10 months in July, driven by higher fuel prices.
A day after falling 8% on the back of interim results published by Cell C, Blue Label Telecoms shares again took a battering on Wednesday after the group published full-year results.
Once upon a time, Facebook allowed academic researchers access to its data. We know how that story ends: with the Cambridge Analytica scandal.
Bitcoin jumped more than 5% in the span of a few minutes on Wednesday, pacing a rally in cryptocurrencies as market watchers cited potential short covering for the move.
Shares in Blue Label Telecoms, which owns 45% of Cell C, fell by 8% on Tuesday after the mobile operator reported half-year results to 30 June 2018 that showed a net loss after tax of R645-million.











