Amazon’s next big gamble is on Vesta — a robot that can follow you around your home

Attempts to produce robots for domestic use have not lived up to their promise, but advances in artificial intelligence may give the concept more ...

11 hours ago
STATEMENT: Tiso Blackstar Group clarifies its position following misleading reporting

Tiso Blackstar Group confirms it is performing well, contrary to misleading reports by Independent Media

Elliott demands higher dividends and restructing at Hyundai

Three years ago, Elliot Management’s Paul Singer fought for reform at South Korea’s biggest conglomerate, Samsung, and narrowly lost in a proxy fight

Investec chair feared for his life after SMS tirade

Peter-Paul Ngwenya is facing a charge of crimen injuria for using racially offensive expletives in a text message to Investec chairperson Fani Titi

UBS posts sturdy first-quarter results, with net profit up 19%

The Swiss banker has reaped the benefits of its focus on rich clients, and plans to prioritise growth in the US and Asia, where the rise of ultra-wealthy ...

Touch-and-go for Toshiba’s tortuous deal on its chip unit

The Japanese electronics group, recently brought back from the brink of bankruptcy, has hit some hurdles in China and is expected to miss a May 1 deadline for ...

Trematon’s school venture progresses

Trematon reports that Generation now had six school sites — four operating schools and two sites under development

Dutch giant Philips already counting cost of rising US-Chinese trade tension

‘We don’t expect any tariffs to be imposed on medical equipment, but we see indirect effects through the costs of commodities’

Shares in Purple Group tumble as investors digest its interim results

The investment holding company reported its revenue declined in the six months to end-February

Gecamines, Congo’s state miner, takes Glencore unit to court

At issue is a capital shortfall at their joint venture’s Kamoto unit, but Glencore says it has several options to resolve the problem and forestall a ...

Steinhoff board survives bruising AGM in Amsterdam

The meeting was seen as a pivotal test of whether the board still had the confidence of investors

Old Mutual fixes listings dates

Unbundling of stake in Nedbank will complete separation process

Pick n Pay opts for smaller stores to suit shopping habits

Of the retailer’s 124 new stores none is a hypermarket, supermarkets rise just less than 3%, while the number of ‘local’ stores surges 23%

Walmart said to be close to $12bn deal with Naspers-backed Flipkart

Walmart is finalising a deal to buy India’s top e-commerce company, with all major investors — including Naspers — on board, insiders say

RBPlat clears last hurdle for deal on Maseve

The transaction also gives RBPlat the immediate processing capacity it needs to treat a deluge of product from its new Styldrift mine

Octodec looks to dividend bouncing back

The real estate investment trust expects growth of 4% as residential rentals improve in first quarter

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Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.