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FINANCE

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Stay informed with the latest updates from South Africa and around the world. Our news section covers a wide range of topics including politics, social issues, crime, environment, global affairs, and human interest stories.

Nvidia to make $1 billion investment in Nokia

Nokia Corporation’s Board of Directors has approved the issuance of 166 389 351 new shares in a directed share issuance to enable NVIDIA Corporation to make a $1.0 billion equity investment in the company.

SA government slashes abalone catch quota as stocks fall below 2%

South Africa’s (SA) Fisheries Minister, Dion George, has announced that the Total Allowable Catch for abalone this financial year has been set at just over 12 tons.

Apple races past $4 trillion market value as new iPhone models revitalise sales

Apple topped $4 trillion in market value for the first time on Tuesday.

Microsoft, OpenAI reach new deal to allow OpenAI to restructure

Microsoft said on Tuesday it has reached a deal with OpenAI to allow the ChatGPT maker to restructure itself into a public benefit corporation.

Nigeria’s Aliko Dangote might attend the G20 summit

Africa’s business magnate might attend the G20

Malawi bans raw mineral exports to boost local processing, economic growth

Macroeconomist and lecturer Doctor Bertha Bangara-Chikadza says the decision is a crucial step toward strengthening the country’s economy.