56 Revolut’s head office in London. Hiba Kola/Reuters Britain’s Revolut said on Monday it had completed a secondary share sale valuing it at US$75-billion, a 66% jump from last year and underlining…
Category: Business
SA reaches highest financial confidence level yet, but where is the action?
56 Perhaps it comes down to helping South Africans trust that if they can do it on paper, they can do it in real life, and build real financial confidence. South Africa…
Cell C secures R9-billion valuation ahead of JSE debut
50 Cell C CEO Jorges Mendes unveiling the company’s new brand identity at a recent event in Johannesburg Cell C has confirmed the final pricing and outcome of its long-awaited JSE listing,…
Global ICT power consumption nears 1 100TWh as AI workloads climb
55 While electricity consumption in the ICT sector is expected to continue growing between now and 2030, greenhouse gas emissions will decrease due to an uptake in renewable energy by ICT companies….
Now that SA showcased its potential at G20 and B20, time to strengthen fundamentals
56 The G20 and B20 are over, but that does not mean that the commitments made are over. The hard work starts now. South Africans can be proud of how the country…
Uber going electric in South Africa
49 Uber in South Africa has launched its first fleet of electric vehicles. The roll-out has started in Johannesburg. There are currently 70 cars on the road, and 350 will be on…
Scopa summons former RAF CEO via social media
46 Letsoalo could not be found at any of the provided addresses. Parliament’s Standing Committee on Public Accounts (Scopa) has issued a summons for Road Accident Fund’s (RAF) former CEO, Collins Letsoalo,…
Prosus reports blowout results on iFood and OLX momentum
52 The Naspers head office in Cape Town Naspers subsidiary, technology investor Prosus, on Monday reported a 99% surge in its adjusted core profit, driven by strong performances across its digital services…
48 years later, American Polo to acquire South African Polo – will prices rise?
51The Polo brand that has been sold in South Africa is not a dupe, however it differs from the luxury Polo Ralph Lauren brand sold in international markets. The Competition Commission has…
Huawei maps out five AI-driven shifts to accelerate carrier growth
47 Austin You At OTF Africa 2025, Austin You, vice president of the global technical service department and president of the carrier delivery and service dept at Huawei, delivered a keynote speech…