Entrepreneur Elon Musk, who envisions a human colony on Mars, is planning to create a new, much larger rocket ship code named “BFR” capable of travelling anywhere on Earth in under an hour. If the concept
Altron subsidiary Bytes UK has agreed to buy 100% of Blenheim, the holding company of British value-added reseller Phoenix Software, for £35.9m, or about R650m. The deal will be funded through a combination
TymeDigital by Commonwealth Bank SA has become the first new bank to receive an operating licence from the South African Reserve Bank since 1999. The bank, set to become a full service digital bank, currently
Internet service provider Webafrica is splitting into two businesses, one focused on providing Internet access and the other providing hosting services. In a post on Webafrica’s website, CEO Tim Wyatt-Gunning said the company’s
Tesla, a perennial target of short sellers, is “structurally unprofitable” with a “way too leveraged” capital structure, said famed investor Jim Chanos. “Three years ago, this company was supposed to be making money now,” Chanos
Roku’s trading debut has catapulted it among the biggest gainers for newly listed technology and communications stocks as investors bet on the success of streaming video. The shares closed at a high on its first day of trading
Naspers is spending €660m, or about R10.6bn, increasing its stake in one of Europe’s fastest-growing online food order and delivery businesses, Delivery Hero. For the money, Naspers is buying an additional 13% of the
In case it wasn’t obvious before Wednesday, Amazon.com has leapfrogged the smartphone to go after the next era of computing. The company never could have done this if it hadn’t been steamrolled in smartphones first. The way
GoPro has unveiled the latest version of its Hero line of wearable action cameras and its first spherical device for virtual-reality video, marking the company’s efforts to boost sagging demand with higher-end hardware. The waterproof
A rapidly growing number of companies are taking advantage of cryptocurrencies to raise massive amounts of funding through what are called initial coin offerings, or ICOs. It is not just technology companies that