Businessman Richard Maponya (pictured), who was known as the father of black retail in South Africa, has died at the age of 99. Maponya died in the early hours of Monday following a short illness, his family said. "It's been a shock to the family. He was the kind of
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Mitch Kahn remembers how, when fighting began in the second war in Iraq, prices for US crude oil spiked $10 per barrel overnight. That would have meant a profit of $50,000 if a trader had made the smallest purchasing trade possible. Or, just as big a loss if the trader
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President Trump has warned the US is "targeting" 52 Iranian sites and will strike "very fast and very hard" if Tehran attacks Americans or US assets. His comments followed the US assassination of Qasem Soleimani, a top Iranian general, in a drone strike. Iran has vowed to avenge his killing.
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Microsoft Corp. co-founder Bill Gates (pictured) started the last decade worth more than $50 billion and with a pledge to give away his fortune to charity. By the end of the decade, he’d donated billions of dollars to fight poverty and improve health care and education. But his fortune also
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A conglomerate run by Asia's richest man has started a service that aims to compete with Amazon in India. Mukesh Ambani's Reliance Industries said it had been inviting people to sign up to its grocery delivery service. The company is aiming to use its massive mobile phone customer base as
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A packed Times Square in New York was set for its annual New Year's ball drop after crisis-marred celebrations in other countries ended a year of worldwide upheaval that saw strike-hit Paris welcome the new decade with fireworks, and London's Big Ben ring out after a long restoration. Billions around
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By AFP Chinese telecommunications giant Huawei said Tuesday that "survival" was its top priority after announcing 2019 sales were expected to fall short of projections as a result of US sanctions. The global leader in telecom networking equipment has been effectively banned by the United States from working with American
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North Korean leader Kim Jong-un (pictured) has said he is ending the suspension of nuclear and long-range missile tests put in place during talks with the US. Mr Kim also said his country would soon introduce "a new strategic weapon". But he left a door open for dialogue, and said
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President Yoweri Museveni has revealed that the Uganda-Rwanda border impasse that has caused untold losses to traders will end soon. In a statement, the President said he received Ambassador Adonia Ayebare, who had gone his special envoy to President Kagame, on the issue of the tensions between our two countries.
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Africa's largest mobile operator MTN says it is reviewing allegations that it paid protection money to militant Islamist groups in Afghanistan. The allegations, made in a legal complaint filed in a US federal court on Friday, say the firm violated US anti-terrorism laws. It was filed on behalf of families
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