Uber Technologies’ path to profit is likely to be slowed by growing competition as a significant number of customers are willing to wait around for a cheaper ride, according to analysts at HSBC.
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It would be prudent to focus primarily on job creation in South Africa before crushing potential growth areas with formal prescriptions. By Gwen Ngwenya.
The White House is launching an investigation into France’s proposed tax on Internet giants such as Google, Amazon and Facebook, in a move that could lead to US taxes on French imports.
Swvl, an Egyptian app for booking minibuses, has raised about R600-million as it looks to expand into other parts of Africa.
Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphones.
In this episode of the podcast, Duncan McLeod is joined by Rifqa Carr of ride-hailing service inDriver, which is newly launched in South Africa.
Uber will ban riders in South Africa with “persistently bad feedback”, the ride-hailing giant said on Monday.
Done in by a broad stock market selloff and a weak earnings report posted by its primary rival, Uber plunged immediately at the opening of trading.
Uber Technologies raised $8.1-billion in its initial public offering after pricing shares near the bottom of their marketed range.
Remember this moment. Early 2019 may have showed us the ceiling for the business of selling car rides at the tap of a smartphone.