Tencent AI spending key after Magnificent 7 rout
Last month, the Magnificent Seven lost $797bn in a day after Google parent Alphabet raised capital expenditure plans while its cash flow turned negative for the first time since going public.
Oil gains on Iran, bonds drop before US jobs data: Markets wrap
Global benchmark Brent rose 1.4% to $83.65 a barrel amid tensions in the Middle East and a lack of clarity on a deal to reopen the crucial waterway.
South Africa already upgraded by bond market as rating firms lag
The nation’s dollar debt spreads, however, have tightened in recent months to levels comparable to emerging-market peers with investment-grade ratings.
Hackers hit bitcoin’s safest hiding place in ongoing attack
The latest missing money stems from a software flaw in what’s known as a 'cold' Bitcoin wallet hosted by Canada-based Coinkite.
From asset light to asset heavy: The hyperscaler pivot
Analysis of Sappi’s strong results and Pick n Pay’s improved trading update, plus how South Africa’s increasingly value-conscious consumers are reshaping the retail sector.
Purple Group’s EasyEquities and Absa strike digital investing deal
Go-live set for September.
A lack of situational awareness
As investors watched an AI-focused hedge fund unravel, a bigger development was taking place in the bond market.
Stellenbosch residents oppose new luxury estate in scenic suburb
Strawberry farmers fear the loss of a rich heritage.
Oil and gas: ‘Everything favours Africa now’
But policy uncertainty, regulatory hurdles and investment constraints have left SA around 15 years behind peers such as Namibia.
The unseen industry powering Africa’s growth
With the coatings and paint industry projected to grow by more than 30% in the coming years, Trevor Mutayi of Orr & Boss argues the continent must bolster reindustrialisation efforts.