Discovery Health Medical Scheme (DHMS) will postpone its planned premium increases for another five months. Read more.
ales for the five-month period ending February 28, 2022 (the "Period") increased 2.3%, primarily due to exceptional growth in machinery and parts sales in Greater Africa. Read more.
Nintendo shares slumped 6% in Tokyo trading after the Kyoto-based game company announced it will delay the release of the highly anticipated sequel to "Legend of Zelda: Breath of the Wild" from its planned debut this year to spring 2023. The drop in share price came after Nintendo's stock had gained 25% year-to-date by the close of trading Tuesday. The move eased concerns that the successful Switch console may have peaked after a hardware refresh in October and the release of a critically acclaimed Pokemon title in January. Read more.
Apple is cutting production of its new low-cost iPhone SE due to weaker-than-expected demand, Nikkei Asia reported Monday. Read more.
Spotify is pulling out of Russia, citing a new law that threatens jail time for spreading "fake news" about the country's armed forces. Read more.
Shareholders are advised that Old Mutual has received formal notification that BlackRock Inc. has acquired an aggregate interest in the Company's common stock. Read more.
German enterprise software giant SAP said Thursday that it will cease its cloud operations in Russia, further withdrawing from the country after already halting sales in Russia earlier this month. Read more.
As disclosed in the Group's 2021 financial statements, on 29 October 2021 the Group received a second interim payment of R250 million (including VAT) from the South African Special Risks Insurance Association ("SASRIA") under its political risk insurance claim relating to the July 2021 civil unrest. Read more.
Revenue at Chinese social media and gaming giant Tencent rose just 8% in the fourth quarter. This is the slowest growth since its IPO in 2004 and reflects regulatory requirements that have affected both its gaming business and advertising sales. Read more.