Stop me if you’ve heard this one before. News leaks that enterprise software giant Salesforce.com is interested in acquiring a trendy tech company. Then its stock falls 5%, erasing billions of market value. Ring any bells?
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Shares in Tesla have surged 40% since 16 November, when it was announced the electric car maker would join the S&P 500 in December.
Suspicious payments flowed to a company owned by Johannesburg mayor Geoff Makhubo and to the ANC in the months directly before and after EOH landed major contracts with the city.
Former EOH executive Jehan Mackay has taken centre stage in corruption allegations involving payments to senior ANC figures, including Zizi Kodwa and a former personal assistant to ex-President Jacob Zuma.
EOH CEO Stephen van Coller’s testimony at the Zondo Commission of Inquiry into State Capture inadvertently turned into a lecture on how corruption between the state and the public sector happens.
Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
Huawei Technologies’ global smartphone market share is expected to fall to just 4% in 2021, a precipitous drop for the company that earlier this year ranked as the world leader in shipments.
Fintech start-up Stripe is in talks to raise a new funding round valuing it higher than its last private valuation of US$36-billion, according to people familiar with the matter.
After coming under political and union pressure, the SABC board has decided not to proceed with 400 planned job cut – needed as part of a plan to save itself from financial collapse – until at least January.
Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100 000 in a year.