Altron jumps after company flags strong earnings growth

Altron jumps after company flags strong earnings growth

Altron Group’s share price jumped more than 8% on Thursday after the technology group issued a trading statement flagging significant earnings growth for its financial year ending 28 February 2026. The shares were 8.1% higher in mid-afternoon trading, changing hands at R20.98 each. The JSE-listed company said it expects headline earnings per share (Heps) from…

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Tim Cook flags memory crunch as AI chips starve smartphones

Tim Cook flags memory crunch as AI chips starve smartphones

Apple CEO Tim Cook. Carlos Barria/Reuters Apple has warned that rising memory chip prices have started to pressure profitability in the current quarter, echoing warnings from South Korean chip makers that are diverting production toward higher-margin memory chips that support AI workloads. “We do continue to see market pricing for memory increasing significantly,” Apple CEO…

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Land Bank flags IT systems disruption

Land Bank flags IT systems disruption

Land Bank confirms temporary unavailability of certain IT systems. The Land and Agricultural Development Bank of South Africa (Land Bank) has announced a temporary disruption to certain internal IT systems. In a statement yesterday, the bank and its subsidiary Land Bank Insurance Company informed stakeholders and the public of the disruption, saying the matter is…

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MTN flags down Gauteng’s lucrative taxi industry

MTN flags down Gauteng’s lucrative taxi industry

MTN and SANTACO put pen to paper. MTN Business has announced the appointment of the South African National Taxi Council (SANTACO) Gauteng as a reseller, targeting the region’s commuters. The MNO issued a statement that confirmed the agreement, ratified recently at the MTN Innovation Centre and followed by a community activation at the Wanderers Taxi…

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