On paper, Anglogold's had the worst year among listed gold companies, but a ruthless handle on costs and a mine-by-mine review should start to pay off
There is much debate over which polls are accurate — but all of them paint a picture of storm clouds over the ANC
The ANC falling below 40% is the result of the party’s own polling, chair of the DA Federal Executive Helen Zille tells tells Peter Bruce
William Ruto was this week announced the winner of a close-run presidential poll in Kenya. But while the evenly split election results suggest a nation divided, the picture is more complicated than ...
A new book asks why certain cities became the epicentre of the world at a specific point — and speculates which ones might lead in the future
If you want to see the changing nature of social media, look at Snap’s listing last week. The Snapchat parent listed at three times the value of Twitter. It was valued at US$24bn on its first day and $28bn on its second. This is the biggest IPO since Alibaba’s $168bn listing in 2014.
And it still doesn’t make money. In fact, on revenue of $404m last year, it lost $514m. In 2015 it lost $373m.
But the hype appears to be over its very active user base of millennials, who check the app up to 18 times a day. Of its 158m users, two-thirds update their content daily. That means 100m people are putting up videos of themselves on the app, using its special effects like rainbows, funny glasses and other filters.When Snapchat first began, it was best known for images that self-destruct, but it has since become the poster child for what we should be calling Social Media 2.0 (or is it 3.0?).
Snapchat’s filters and "Stories" have prompted Facebook — which offered its founders $3bn for a buyout a...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.