A surge in Amazon.com shares on Thursday in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer
EOH, whose share price gyrated wildly on Thursday, has moved to calm jitters among investors. The company issued a statement to “stakeholders” saying the company remains “strong, with a great leadership team
Twitter failed to attract more monthly viewers in the second quarter, spooking investors looking for evidence that the company is on a sustainable long-term growth path. The shares tumbled more than 9% in early trading
MTN Group, Africa’s biggest mobile-network operator by sales, fell the most in more than a year after a return to first-half profit after a $1bn regulatory fine fell short of analyst expectations. Headline earnings per share
Well-known IT sector investor Andile Ngcaba has sold his stake in Dimension Data and has left the IT services group, where…
People forget that Telkom CEO Sipho Maseko left Vodacom in 2012 under rather strange circumstances. I won’t bore you with the details. But what he has achieved at Telkom since his appointment in April 2013 has
MTN said on Thursday that it expects to have swung back into a profitable position in the first six months, with headline earnings per share of between R2.10 and R2.30, compared to a headline loss a year ago
Facebook investors are salivating over the revenue potential for the company’s chat businesses, Messenger and WhatsApp, after CEO Mark Zuckerberg said he’d like to move “a little faster” to make money from
Telkom said on Wednesday that it has won a “landmark” case, with costs, against rival Vodacom at the high court in the Western Cape over the latter’s use of the former’s ducts in a residential estate. In a statement
Cell C plans to raise as much as $464m (R6bn) from the sale of two bonds as part of the South African mobile phone company’s recapitalisation that will enable Blue Label Telecoms to buy a stake, according