Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel on Monday warned of “adverse reactions” from investors, employees and others to the Trump administration taking a 10% stake in the company, in a filing citing risks involved with the…
US President Donald Trump. Image US President Donald Trump said on Friday that the US would take a 10% stake in Intel under a deal with the struggling chip maker that converts government grants into an equity share, the latest extraordinary intervention by the White House in corporate America. The deal puts Trump on better…
Nedbank announced last week that it was acquiring Durban-based fintech iKhokha in a R1.65-billion deal that could signal the start of further consolidation in the payments industry in South Africa. Nedbank described the deal as a “significant milestone” in its strategy to target small and medium enterprises. iKhokha co-founder and CEO Matt Putman is TechCentral’s…
Carlos Jasso/Reuters Google has struck a six-year cloud computing deal with Meta Platforms worth more than US$10-billion, a source familiar with the matter said on Thursday. It would be the search giant’s second big agreement recently after one with OpenAI. Under the agreement, Meta will use Google Cloud’s servers, storage, networking and other services, the…
The U.S. will impose a 15% tariff on imports of European cars, pharmaceuticals and other products, according to a joint statement announced Thursday by the Trump administration and European Union. The pact also calls for the 27-member EU to eliminate tariffs on all American industrial exports and to offer preferred terms for some seafood and…
Blue Label holds a non-controlling 49.5% stake in Cell C. (Photograph by Lesley Moyo) The Competition Tribunal has unconditionally approved the proposed merger in which Cell C will acquire Comm Equipment Company (CEC) from The Prepaid Company (TPC). This, after the Competition Commission last week recommended that the Competition Tribunal approve the deal without conditions….
Nearly 600 million people across the African continent still lack access to electricity. Close to one billion rely on traditional biofuels for cooking. Africa is also very vulnerable to climate change, even though it has contributed less than 5% of the world’s greenhouse gas emissions over the past 170 years. Speeding up the move to…
A new deal has been struck between Vodacom and SA Rugby to expand the telco’s ongoing support for the sport. Vodacom and SA Rugby have signed a landmark partnership agreement, naming Vodacom the first and exclusive official telecommunications partner to all national Springbok teams and SA Rugby-affiliated competitions. The MNO says the deal marks a…
Jake Lapham BBC News in Anchorage Watch: How the Trump-Putin summit unfolded in 82 seconds Donald Trump has said he would prefer a permanent peace agreement to end the Russia-Ukraine war over a temporary ceasefire. Writing on Truth Social after leaving a meeting with Russian leader Vladimir Putin in Alaska without reaching any deal, the…
US President Donald Trump had placed Washington’s police department under federal control earlier this week. The administration of US President Donald Trump has reversed course and agreed to leave the Washington, DC police chief in control of the department, after Washington officials and the United States Justice Department negotiated a deal at the urging of…
