The Foschini Group (TFG) is reporting a significant surge in its online sales, thanks in large part to the strong performance of its e-commerce platform, Bash. In a trading update for the three months ended June 28, 2025, TFG announced that its Africa online sales jumped by 40.2% year-on-year. This growth has lifted the contribution…
During a recent earnings call, Apple CEO Tim Cook revealed that tariffs imposed by the Trump administration could add an estimated $1.1 billion to the company’s costs in the September quarter. This comes after Apple reported spending $800 million on tariffs in the June quarter, which was slightly less than the $900 million it had…
Monrovia — As global financial aid continues to decline, experts warn of the increasing risks posed to low-income countries and urge regional stakeholders to look inward to fund much-needed development. Speaking at the African Transformation online briefing on Tuesday, the Manager of Resources and Partnerships at the African Development Fund (ADF), Valerie Dabady, said the…
Microsoft has released its fiscal Q4 2025 financial results, showing significant growth despite recent layoffs. The company reported $76.4 billion in revenue and a net income of $27.2 billion, marking an 18% and 24% increase, respectively, year-over-year. These strong results come just weeks after the company laid off up to 9,000 employees. As of June…
Telkom Group CEO Serame Taukobong Telkom Group CEO Serame Taukobong nearly tripled his earnings in the 2025 financial year compared to 2024, with the company’s improved performance helping bolster his remuneration. According to Telkom’s remuneration report (PDF) for the year to 31 March, released on Thursday, Taukobong raked in a total of R33.3-million, up 168%…
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab stock soared 8% Monday, building on a strong run fueled by space innovation. Shares of the space infrastructure company have nearly doubled over the past two months following a slew of successful launches and a…
The UN’s top rights official on Monday urged the international community to confront the growing human rights implications of climate change. Speaking at the Human Rights Council in Geneva, High Commissioner Volker Türk asked Member States whether enough was being done to protect people from the escalating impacts of climate change “Are we taking the…
The Competition Tribunal’s decision to block the proposed acquisition by Vodacom of an up-to-a-40% co-controlling stake in fibre operator Maziv was in part influenced by the competition regulator being unconvinced of the mobile operator’s claims that it would not influence Maziv’s strategic and operational direction post-merger. At the tribunal’s marathon hearings into the matter, Vodacom…
Capital Appreciation CEO Bradley Sacks. Fintech group Capital Appreciation today announced strong results for the year ended 31 March, growing revenue to R1.25 billion. The group says its businesses demonstrated resilience in the face of a challenging economic environment by effectively growing revenue and managing expenses. Its payments and software divisions have attracted new clients,…
