AppLovin and Robinhood added to S&P 500

AppLovin and Robinhood added to S&P 500

Shares of advertising technology company AppLovin and stock trading app Robinhood Markets each jumped about 7% in extended trading on Friday after S&P Global said the two will join the S&P 500 index. The changes will go into effect before the beginning of trading on Sept. 22, S&P Global announced in a statement. AppLovin will…

Read More
Sharp focus on IFMS contracts as SITA is added to probe targets

Sharp focus on IFMS contracts as SITA is added to probe targets

The investigation will scrutinise whether contracts were fair, competitive, transparent, equitable, or cost-effective. The beleaguered State IT Agency (SITA) is facing yet another probe, this time over its involvement in National Treasury’s integrated financial management system (IFMS) project. This, as the scope of the Special Investigating Unit’s (SIU’s) investigation of the IFMS tender has been…

Read More