Tencent Holdings has lost US$48bn (R566bn) of market value over two days, pummelled by a warning on margin pressure as well as a surprise sale of stock by its biggest shareholder. Asia’s largest company slumped
If a green ride-sharing service were to flourish anywhere it would be in Munich, where you can rent no-emission cars on just about any city-centre street. And yet Linde is about to shut its two-year experiment with hydrogen
Meet the CEO is a new, weekly feature on TechCentral. The aim is to introduce our readers to the people behind the news by providing insights into the leaders shaping South Africa’s ICT industry. Our third interview
Naspers is cashing in a sliver of one of the greatest venture capital investments ever. The Cape Town-based company is selling R126bn of shares in Tencent Holdings, equal to 2% of the stock in the Chinese operator
MTN has significantly increased the per-minute charges on certain “legacy” prepaid calling plans, though the company said the increases will only affect a subset of prepaid users and are in no way related to the VAT
TechCentral has agreed to publish the following right of reply from communications regulator Icasa to an opinion piece we ran earlier this week penned by former Icasa councillor Willie Currie and freelance writer
New research from GfK shows South African consumers continue to clamour for smartphones, with entry-level model driving demand, but PC sales continue to flounder.
Smartphone unit sales in South Africa climbed by
Uber Technologies has denied a Kenyan newspaper report that it plans to introduce unmanned flying taxis in the East African nation. Business Daily, a Nairobi-based publication, reported Wednesday that the
Cape Town-based machine-learning specialist DataProphet has concluded a multimillion-dollar funding round from venture capital provider Knife Capital.
Knife Capital invests via a consortium of funding
Naspers plans to lessen its exposure to China’s Tencent by reducing its stake from 33.2% to 31.2%, the JSE-listed technology and media group said in a statement to shareholders on Thursday. It will dispose of up to 190m shares