Cell C CEO Jorge Mendes Cell C CEO Jorge Mendes has bought R20.8-million of shares in the company he runs, in two on-market purchases four days apart. According to a Sens announcement on Tuesday, Mendes bought 52 187 ordinary shares at R23 each on 17 September, a R1.2-million transaction, and a further 740 000 shares at R26.50…
Cell C’s second-half performance provides a clearer picture of its underlying business following the restructuring and listing transactions. (Image supplied) Cell C is targeting revenue growth in the upper-single-digit range in its 2027 financial year, after adding 1.3 million subscribers, growing wholesale revenue by about 20% and cutting net debt by 64% in its first…
Xiaomi announced that the heaviest pressures on its smartphone business have likely passed, even as second-quarter earnings missed analyst projections due to elevated component prices. High memory costs severely squeezed margins across its mobile division, but management expects cost inflation to temper throughout the second half of the year as its fast-growing electric vehicle (EV)…
Canal+ CEO Maxime Saada Canal+ CEO Maxime Saada told analysts on Tuesday that the group could not have produced its half-year numbers without the Fifa World Cup, and that it is too early to call the MultiChoice turnaround a success. That is a more cautious tone than the results document published earlier in the day,…
iOCO has made its second acquisition in four months. (Graphic: Nicola Mawson | Official images) Having pivoted into profitability and resolved legacy issues stemming from its time as EOH, iOCO has announced its second acquisition in four months, buying South African enterprise resource planning (ERP) solutions provider Astraia Technologies. The deal follows iOCO’s purchase of…
Demand for Intel’s CPUs from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday. The stock surged more than 23.6% to US$82.54, surpassing its dot-com-era peak in 2000 and taking the company’s…
Intel shares skyrocketed more than 23.6% on Friday, closing at $82.54 and finally eclipsed the company’s long-standing peak from the year 2000. This historic rally pushed Intel’s market value above $416 billion, signalling a massive vote of investor confidence in the turnaround led by CEO Lip-Bu Tan. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday:…
The Intel logo is displayed in front of Intel headquarters in Santa Clara, California, Jan. 22, 2026. Justin Sullivan | Getty Images Intel shares soared 24% on Friday, their best performance since October 1987, as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock closed at $82.57 and is now…
MTN Nigeria Communications CEO Karl Toriola MTN Nigeria has reported a dramatic reversal in fortunes, swinging from a loss of ₦400.4-billion (R4.7-billion) in 2024 to a profit after tax of ₦1.1-trillion (R12.9-billion) for the year ended 31 December 2025, as a more stable naira and surging data demand powered a recovery across the business. The…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway’s new CEO likes the surprise course reversal announced this week by the new CEO of Kraft Heinz. In the food company’s Q4 earnings…
