Prosus, the European-listed subsidiary of Naspers, has reported an 84% surge in full-year adjusted core profit. This milestone marks the first time the company’s consumer digital platforms have achieved simultaneous profitability across all operating regions. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: EV adoption in South Africa! The company’s digital services and e-commerce portfolio…
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan’s Surveys of Consumers said Friday. The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It’s also well below the 49.8…
Affirm CEO Max Levchin told Jim Cramer the American consumer remains strong, even as concerns about the economy and spending continue to mount in the face of high gas prices. “The American consumer is unbelievably resilient,” Levchin said on CNBC’s “Mad Money” on Friday. Affirm reported better-than-expected quarterly results on Thursday, with gross merchandise volume…
Lincoln Mali, CEO of Lesaka Southern Africa. (Photograph by: Lesley Moyo) Fintech group Lesaka’s consumer division, which caters for South African Social Security Agency (SASSA) grant beneficiaries, is continuing to make gains. This emerged when the JSE- and Nasdaq-listed company today published its third quarter results for 2026. At segment level, the consumer division delivered…
Nairobi — President William Ruto has called on African countries to work together to ensure that African countries are self-sufficient in medical supplies and health commodities to strengthen the continent’s health systems. The President emphasised the need for Africa’s health systems to be financed by both domestic and international capital, noting that self-reliance in medical…
Ohio gubernatorial candidate Casey Putsch speaks with supporters at a campaign event in Toledo, Ohio, on Thursday, April 9, 2026. He is far behind in the polls, but Putsch is part of a nationwide message of economic populism and is promoting “right to repair” legislation. Sue Ogrocki | AP It used to be that if…
Trade Link CEO Ahmed Laher Retailers are looking to digital transformation and convergence to meet the changing needs of consumers, and to offer more value as consumers feel the economic pinch. This is according to Ahmed Laher, CEO of Trade Link, a specialist in retail IT systems for over 30 years. Laher said the retail…
An LG Cloid robot stands on stage during an LG Electronics news conference at CES 2026. Steve Marcus/Reuters Just four years after the launch of ChatGPT, the chatbot that brought artificial intelligence into the mainstream, and it seemed like almost every exhibitor at the CES show in Las Vegas this week was touting an AI-powered…
Affiong Williams, CEO of Nigeria-based dried fruit snacks producer ReelFruit This article is an excerpt from our latest book ‘How we made it in Africa II: Real stories of entrepreneurs turning opportunity into profit‘ Affiong Williams, founder and CEO of Nigerian dried fruit and snacks company ReelFruit, has long viewed international markets as a major…
An acute global shortage of memory chips is forcing AI and consumer electronics companies to fight for dwindling supplies, as prices soar for the unglamorous but essential components. Japanese electronics stores have begun limiting how many hard disk drives shoppers can buy. Chinese smartphone makers are warning of price increases. Tech giants including Microsoft, Google…
