Vodacom Group expects a sharp surge in basic earnings per share for the six months ending 30 September 2026, driven by a once-off, non-cash gain of R23.2 billion following its accounting consolidation of Kenya’s Safaricom. Read: Apple unveils 2026 iMac with M6 and upgraded AI architecture According to a trading statement issued on Wednesday, the…
Vodacom Group will book a once-off gain of R23.2-billion on Safaricom in its interim results, even as the Kenyan courts decide whether its purchase of a controlling stake in the operator should be undone. The gain, disclosed in a trading statement on Wednesday, will lift earnings per share for the six months to 30 September…
Numerous merchant ships belonging to Iran and other countries remain at anchor in the Strait of Hormuz in Bandar Abbas, Iran, on Sept. 8, 2026. Fatemeh Bahrami | Anadolu | Getty Images Crude oil prices rose Thursday but were off session highs on a report that U.S. and Iranian negotiators in New York are discussing…
Bitcoin was on track for a weekly gain of around 23% Friday, following a spate of positive developments for the world’s largest cryptocurrency. Bitcoin was trading 6% higher at about $77,000, up from about $62,800 at the start of the week. Crypto-linked stocks rose, with Coinbase and Circle advancing more than 9% each. Strategy advanced…
Microsoft staged a historic rally last week, adding nearly $450 billion in market value in a single trading session, the largest one-day gain on record for any publicly traded company. The unprecedented surge was driven by stronger-than-expected cloud growth forecasts and robust cash generation projections for the coming fiscal year. Read: Cape Town approves the…
The week of July 13-19, 2026, proved to be another period of positive momentum for the BRVM (Bourse Régionale des Valeurs Mobilières). BRVM Composite Index Rises by +0.76% The BRVM Composite Index recorded a solid gain of +0.76%, signaling continued investor confidence in West African markets. This constructive tone was felt across various sectors. Uniwax…
Intel shares skyrocketed more than 23.6% on Friday, closing at $82.54 and finally eclipsed the company’s long-standing peak from the year 2000. This historic rally pushed Intel’s market value above $416 billion, signalling a massive vote of investor confidence in the turnaround led by CEO Lip-Bu Tan. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday:…
Scaling AI responsibly remains an ongoing challenge for banks. (Image created via ChatGPT) South Africa’s top banks are intensifying their digital arms race, with client acquisition and transaction volumes continuing to increase, driven by mobile-first platforms. This is according to PwC’s Major Banks Analysis, which provides an overview of how local banks are leveraging technology…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty Images Treasury yields moved higher on Wednesday as investors weighed a sticky February inflation report and monitored moves in oil prices in the midst…
In the past three months, Afrika Tikkun has trained over 600 unemployed young people in Diepsloot. Afrika Tikkun, in partnership with the MTN SA Foundation, has opened a digital skills hub in Diepsloot. Through the Afrika Tikkun Digital Skills Hub, the partners aim to equip young people with the skills needed to thrive in a…
