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Home South Africa

‘Companies will go under’: Global tech rout to set back fundraising in Africa

admin by admin
June 7, 2022
in South Africa
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Since the beginning of the year, blue chip stocks in the S&P 500 have lost more than $7 trillion in value. Tech stocks have been hit the hardest, with investors pulling billions of dollars out of companies that were attractive due to future growth prospects but have now become less so in a bear market fuelled by rising interest rates and fears of a recession.

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