No end to Stephen van Coller’s EOH problems

The technology group expects HEPS to fall at least 450% in the year to end-July amid corporate governance issues

African tech startup Andela lays off more than 250 junior developers

Andela CEO Jeremy Johnson says the majority of demand is for more experienced talent

Facebook unveils new models of its Portal video-chatting devices

The social media giant is pivoting towards TV-streaming hardware but has a tough challenge against content-rich Netflix, Apple TV and Roku

New kid on the block Rain launches first commercial 5G in Africa

5G provides data speeds that are more than 100 times faster than 4G networks or long-term evolution (LTE)

EOH slumps 13% after warning of hefty full-year loss

The technology group expects HEPS to fall at least 450% in the year to end-July amid corporate governance issues

Apple and Ireland slam EU Commission claims over back taxes

The European Commission has ordered the iPhone-maker to reimburse Ireland €13bn, which conclusion Apple says is ‘wrong’

Blue Label at record low as JSE threatens suspension

The largest shareholder of Cell C has until the end of September to deliver its full-year results to end-May or face suspension from the JSE

MultiChoice offers Phuthuma Nathi shareholders exposure to its group assets

The deal will give empowerment scheme shareholders the opportunity to gain exposure to all of the DStv operator’s assets, not only those held by MultiChoice SA

Naspers shareholders vote for Prosus shares

A total of 96.3% of Naspers N ordinary shareholders chose to receive shares in Prosus

Naspers and Prosus end their week in fine style

Technology group’s attempt to reduce its discount to underlying assets looks to be bearing fruit

Tencent to bank roll China video app IPO valued at $25bn

Kuaishou, which specialises in short and mini-video content, is vital for Tencent’s strategy to compete with rival ByteDance

Revamped IBM mainframe designed to ‘thwart’ cyber-crime

After making mainframes for 55 years, the company’s new model works with hybrid clouds and can be customised for each client

Silverbridge swings to a loss as clients battle to pay for services

The software developer noted a net loss of R7.5m to end-June from a profit of R5.9m previously, with three Zimbabwean clients struggling to pay

Apple TV+ may, briefly, steal Netflix’s crown, but it’s really about selling iPhones

Free Apple TV+ streaming with every Apple device will only get you so far when Netflix has a 10-year head start and billions going into original content

Tiso Blackstar Group to clear liabilities of R414.9m in Lebashe transaction

The media group says the financial impact of the sale could not be given when the deal was first announced

Naspers to list unit Prosus in Amsterdam on Wednesday

Naspers opted to list Prosus, in which it will keep a 73% stake, to ease its dominance on the JSE

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