Benchmark index plummets as much as 12.2 percent, eclipsing single-day plunge after 9/11 attacks in 2001. Listen to this article | 2 mins info Published On 4 Mar 20264 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo South Korea’s stock market has suffered one of the steepest falls in…
The Free Market Foundation (FMF) is demanding that a national 20% tax for online gambling proposed by the national treasury be withdrawn and reconsidered within South Africa’s existing decentralised regulatory regime. It said the proposed tax will undermine provincial authority and overburden legal gambling operators, and risks driving consumers further towards unregulated offshore platforms, which…
Abuja — The 2026 edition of the Afro-Caribbean Investment Summit (ACIS) will focus on boosting trade, investment, and private sector partnerships between Africa and the Caribbean, targeting a combined market valued at $40 trillion across Africa, the Caribbean, and the Americas. Chief of Staff of Aquarian Consult Ltd, Serumun Ubwa, disclosed this while briefing journalists…
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. CNBC Amazon shares closed up more than 1% on Tuesday, snapping a nine-day slide that shaved billions off of its market cap. The stock shed roughly 18% of its value between Feb. 2 and Friday, marking…
BluEnergy Trading, a subsidiary of JSE-listed Blue Label Telecoms, has been granted a multi-year energy trading licence by the National Energy Regulator of South Africa (Nersa). This landmark authorization allows the group, historically recognized for its prepaid airtime distribution and its majority stake in mobile operator Cell C, to officially buy and sell electricity. The…
Cell C CEO Jorge Mendes. (Photograph by Nicola Mawson) Cell C’s maiden interim results for the period to end-November saw it deliver on its pre-listing statement, leading to a share price lift. “Delivering our first interim results as a listed company is an important milestone for Cell C. Our focus has been on executing with…
Wiocc Group’s Joshua Smythwood The acquisition by Open Access Data Centres (OADC) of seven facilities belonging to NTT Data (previously Dimension Data) is a sign of a broader market trend, reflected both locally and internationally, which will lead to further consolidation in the data centre infrastructure market. Speaking to TechCentral at a ribbon-cutting event held…
Memory shortages will constrain sales of smartphones for some time, hurting demand for chip industry companies like supplier Qualcomm and chip architecture designer ARM Holdings, executives and analysts said on Wednesday as both companies reported results that disappointed investors. Among the world’s largest smartphone chip designers, Qualcomm is dealing with relatively tepid orders as customers…
New data on jobs and layoffs this week points to more job cuts and lackluster hiring plans, indicating 2026 might not be the fresh start many job seekers are looking for. A monthly survey of layoff announcements from the outplacement firm Challenger, Gray & Christmas released Thursday found that U.S. employers announced 108,435 job cuts…
Nvidia CEO Jensen Huang. Steve Marcus/Reuters Nvidia CEO Jensen Huang has dismissed fears that AI will replace software and related tools, calling the idea “illogical”, after a significant selloff in global software stocks on Tuesday. The selloff, partly sparked by AI developer Anthropic’s updated chatbot release last week that heightened fears of AI-driven disruption in…
