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SOUTH AFRICA

SA payments startup Yoco raises $16m in funding

South African-based Point of Sale payments provider, Yoco, has raised $16million in a Series B funding round led by Partech, a venture capital firm based in Silicon Valley...

7 Sep 2018

SOUTH AFRICA

NRD Capital acquires Mike's Kitchen restaurant chain

NRD Capital, a US-based private equity firm that specialises in franchise investments, has cemented its entry into the African market with its acquisition of Mike's Kitchen...

10 Jan 2018

GLOBAL

Can online take-away businesses deliver for investors?

A queasy mix of excitement, hope and cash has for some years now been mixing together in the food delivery sector and that rarely proves to be a recipe for success...

By Kevin Murphy 23 Aug 2017

GLOBAL

Retailers set to lose billions as card-not-present fraud rises

Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years...

21 Jun 2017

SOUTH AFRICA

Bezos sells US$1bn in Amazon stock yearly to pay for rocket firm

WASHINGTON - Billionaire entrepreneur Jeff Bezos said he is selling $1 billion in stock of his retail giant Amazon each year to finance his rocket company, Blue Origin, which aims to carry tourists to space by 2018...

10 Apr 2017

SOUTH AFRICA

Uganda and Botswana have highest rates of female entrepreneurship

Mastercard has released the results of its inaugural Index of Women Entrepreneurs...

8 Mar 2017

SOUTH AFRICA

McDonald's earnings edge down; says turnaround on track

NEW YORK - McDonald's reported slightly lower fourth-quarter earnings Monday as strong sales in Britain, Japan, China offset a drop in the United States...

24 Jan 2017

SOUTH AFRICA

Nike earnings rise, bullish on China

NEW YORK - Nike reported higher second-quarter earnings on Tuesday behind increased sales in key markets, including China, and said it was making progress in cutting inventory in North America...

21 Dec 2016

SOUTH AFRICA

Estee Lauder eyes millennials with $1.45bn Too Faced buy

SAN FRANCISCO - US cosmetics maker Estee Lauder on Monday snapped up the beauty products brand Too Faced, beloved by the younger demographic, for $1.45 billion in its biggest acquisition to date...

15 Nov 2016

SOUTH AFRICA

Coca-Cola posts 7% global revenues loss

NEW YORK - The slow global economy and the health-driven turn against sweet sodas dented Coca-Cola sales for the sixth straight quarter, delivering a 28 percent hit to net income, the company reported Wednesday...

27 Oct 2016

UNITED STATES

PayPal co-founder raises $100m for new payments startup

WASHINGTON - Affirm, a startup led by PayPal co-founder Max Levchin, said on Thursday it secured $100m in financing to expand its consumer lending business that aims to disrupt the credit card industry...

17 Oct 2016

SOUTH AFRICA

Wal-Mart shares jump as US stocks flat

NEW YORK - Wal-Mart Stores jumped on Thursday on better-than-expected second-quarter earnings, while the broader market was essentially flat in early trade...

23 Aug 2016

SOUTH AFRICA

McDonald's franchise spinoffs tamp down earnings

NEW YORK - McDonald's' "All-Day Breakfast" fueled firm sales gains in the second quarter despite weak growth across the fast food industry, the company reported Tuesday...

27 Jul 2016

UNITED STATES

PepsiCo first quarter net profits drop

NEW YORK - Non-alcoholic beverage giant PepsiCo Inc reported on Monday a first quarter drop in profits and the sixth consecutive drop in sales blamed on a strong dollar...

19 Apr 2016

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