Mustek CEO Hein Engelbrecht JSE-listed technology distributor Mustek has delivered an improved bottom line in the year to 30 June 2025, even as group revenue fell sharply in a challenging economic environment. The company credited disciplined cost control and tighter working capital management for the rebound in profitability. The results marked a significant turnaround from…
As the United Nations marks 80 years of existence, it must adapt and evolve to be fit for future generations, the President of the General Assembly said on Wednesday during a briefing to journalists in New York. Speaking ahead of the start of high-level week, Annalena Baerbock underscored the importance of the UN Charter, the…
A year after mpox was declared a continental health threat, Africa’s response has shown encouraging momentum. An interim analysis of a new study by the Africa Centres for Disease Control and Prevention (Africa CDC) reveals strong public engagement, with above-average vaccine acceptance across all surveyed countries and firm trust in health information shared via television,…
The Minister for Interior has expressed his firm conviction that the future of Africa lies in the continent’s ability to foster strong partnerships among nations, render selfless support to each other and build strong institutions. Abdoulie Sanyany was speaking recently during the handing-over of military equipment to the Gambia Armed Forces (GAF) by the Islamic…
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…
