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Business sector welcomes the government s support measures
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
President Ramaphosa says government will act to restore law and order on the streets
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
What is Stack Overflow , and why did Prosus (Naspers) pay R24.5 billion for it?
3 June 2021 7:16 PM
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The Money Showâs Bruce Whitfield interviews Siboniso Nxumalo, a portfolio manager at Old Mutual Investment Group.
Naspers-owned Prosus is buying Stack Overflow for $1.8 billion
Stack Overflow is a question-and-answer website for professional and enthusiast programmers
The website has 100 million users
Stack Overflow is not yet profitable
Tech giant Prosus is paying $1.8 billion for Stack Overflow. © pressmaster/123rf.com
Prosus â the company that holds the international assets of Naspers - is buying programming Q&A website Stack Overflow for $1.8 billion (about R24.5 billion).
Rand at one-year high off weaker dollar in spite of negative ratings outlook
By Siphelele Dludla
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JOHANNESBURG - THE RAND yesterday rose to a one-year high amid a subdued dollar in spite of rating agencies maintaining their junk status and negative outlook on South Africaâs sovereign debt.
The domestic currency strengthened 0.03 percent to R13.91 against the greenback by 5pm, its highest level since early January last year, on a positive growth forecast.
The South African Reserve Bank (SARB) last week upwardly revised its 2021 growth forecasts to 4.2 percent, from an earlier projection of 3.8 percent.
The rand appears to want to stay below the R14 mark around which it traded last week, despite an increase in global risk aversion.
JSE reacts on a positive note to the US relief plan
By Siphelele Dludla
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JOHANNESBURG - SOUTH African stocks ended the day on a positive note ahead of the release of the gross domestic product data for the fourth quarter of 2020.
The JSE All Share Index closed trading 0.23 percent higher to 68 426 index points as global investors digested progress towards a long-awaited US Covid relief package. The US Senate passed President Joe Biden’s $1.9 trillion (R29.15trln) Covid-19 relief plan on Saturday, which would be one of the largest stimulus packages in US history.
Local stocks had been on a rise and produced a fourth consecutive positive monthly return having rallied 26 percent since the start of November 2020.
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