On Monday morning, Brent crude climbed 9 per cent to $79.41 per barrel from $72.87 on Friday — a seven-month high — based on figures from FactSet. Oil prices surged on Monday while global equities slid, as escalating hostilities between the United States, Israel, and Iran rattled energy markets and heightened fears of a prolonged…
JSE-listed IT services group iOCO expects to report a further improvement in earnings for the six months to end-January 2026, further putting its historical debt and governance challenges behind it. It said on Tuesday in a trading update that earnings per share and headline earnings are both expected to be between 27c cents and 30c/share….
People visit a Lockheed Martin booth displaying a model of a military transport plane during an arms fair, in Hanoi, Vietnam, on Dec. 19, 2024. Khanh Vu | Reuters Global defense stocks jumped early Monday as investors reacted to a dramatic military escalation in the Middle East over the weekend. The sector was a rare…
Sonatel, the largest company by market value on the BRVM, reported consolidated revenue of 1,923.1 billion FCFA (about $3.47 billion) in 2025, up 8.3 percent year on year. Net income reached 413.6 billion FCFA (about $746.6 million), an increase of 5.1 percent from 2024. The company’s (BRVM: SNTS) EBITDAaL stood at 921.2 billion FCFA (about…
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony on Thursday reported a rise in operating profit that beat expectations, supported by favorable foreign exchange rates despite surging memory chip costs. Here are Sony’s December…
Shoprite Group’s Checkers Sixty60 sales have shown a steady increase. Digital commerce sales via last-mile delivery platform Sixty60 increased by 34.6%, for the six months ended 28 December. This, as the retail giant group increased merchandise sales by 7.2%, measuring approximately R136.8 billion. The Shoprite Group states the growth equates to an additional R9.2 billion…
A flag with the CSG NV logo during the listing of their company at Euronext Amsterdam, Jan. 23, 2026. Bloomberg | Bloomberg | Getty Images Shares of Czech-based defense firm Czechoslovak Group, or CSG, soared over 30% on its stock market debut on Friday, underscoring sustained investor interest in defense companies amid Europe’s growing push…
Steve Jump, cyber security veteran, founder and director of Custodiet Advisory Services. Steve Jump, a cyber security veteran, founder and director of Custodiet Advisory Services, has been confirmed as a speaker for the 2026 edition of ITWeb’s Security Summit, where he will address the resurgence of information warfare and its impact on cyber security. Jump’s…
The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on November 21, 2025. Kazuhiro Nogi | Afp | Getty Images Shares of data center investment firm DigitalBridge surged as much as 50% in premarket trade on Monday, following a media report that Japan’s SoftBank is in advanced talks to acquire the…
The African Refiners and Distributors Association (ARDA), has said that the continent’s crude oil consumption will surge from about 1.8 million barrels per day in 2024 to as much as 4.5 million barrels per day by 2050, positioning the continent’s downstream energy sector as one of the world’s most significant untapped investment frontiers. Executive Secretary,…
