U.S. Treasury yields fell on Tuesday after the latest retail sales report missed expectations. The benchmark 10-year Treasury yield was more than 5 basis points lower at 4.145%, while the 30-year Treasury yield dropped more than 6 basis points to 4.787%. The 2-year Treasury note yield was down more than 3 basis points at 3.452%. One basis point is equivalent to…
Pick n Pay has unexpectedly warned investors that its headline loss per share for the current financial year will widen by more than 20% compared with the prior year, blaming a “highly constrained” trading environment over the critical Black Friday period that dragged down second-half performance. Its share price tanked, and was last trading down…
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…
Apple shared its latest quarterly financial results, revealing a period of unprecedented growth that CEO Tim Cook described as “simply staggering.” For the quarter ending December 27, 2025, the tech giant reported a total revenue of nearly $143.76 billion, marking the biggest quarter in the company’s history. Read: Everything we know about the upcoming iPhone…
Premium smartphone demand lifted Apple to market leadership in 2025. Global smartphone shipments grew 2% year-on-year (YOY) in 2025, driven by increasing premium phone demand and improving momentum in key emerging markets, according to preliminary estimates from Counterpoint’s market monitor. According to the report, the market sustained its growth momentum throughout 2025, primarily driven by…
Fred Zhou, CEO of Honor South Africa. (Photograph by Lesley Moyo) Chinese smartphone brand Honor is celebrating selling over one million units in South Africa’s tightly-contested market. Fred Zhou, CEO of Honor in South Africa, tells ITWeb via e-mail that reaching over one million units in sales this year is a clear indicator of the…
WeBuyCars CEO Faan van der Walt. While pre-owned car dealer WeBuyCars is doubling down on advanced technologies like artificial intelligence (AI), machine learning and chatbots to sharpen its operations, the company continues to battle sluggish demand for electric vehicles (EVs). This is according to WeBuyCars CEO Faan van der Walt, speaking to ITWeb on Monday,…
Absa expects that growth of buy now, pay later (BNPL) services will boost Black Friday sales this year for e-commerce merchants. It said in a statement on Wednesday that last year, e-commerce was not as strong as in prior years. However, it believes that from the perspective of the retail client, BNPL will remain a…
WeBuyCars CEO Faan van der Walt South African consumers have all but turned their backs on electric vehicles – so far, at least – and the impact on the used-car market is impossible to ignore. Speaking in an interview with TechCentral on Monday following publication of the group’s annual results to 30 September 2025, WeBuyCars…
Tourists visit the Nanjing Road Scenic Area in Shanghai, China, on October 20, 2025. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets were set to open lower on Friday, tracking losses on Wall Street as technology stocks continued to come under pressure. Japan’s benchmark Nikkei 225 index was set for a lower open, with its…
