Large professional and institutional traders were among the biggest sellers during the rout that saw bitcoin tumble about 40% this month, according to analysis from researcher Chainalysis.
Author: Agency Staff
Energy regulator Nersa took a crucial step toward allowing the government to procure emergency power and to allow the building of more privately owned power plants.
The South African Reserve Bank cut its benchmark interest rate by the biggest margin in more than 10 years as it seeks to support an already fragile economy that’s expected be hit hard by the novel coronavirus.
In response to the Covid-19 pandemic, government is to erect a 40km fence within a month along the Zimbabwean border to ensure that no undocumented or infected persons cross the border into South Africa.
Various measures are included in the regulations, including a requirement that bars and restaurants that sell alcohol close by no later than 6pm, in an effort to contain the spread of the novel coronavirus.
Tencent’s quarterly earnings missed estimates after China’s economic slowdown eroded its core gaming business and the cost of fending off ByteDance and other rivals rose.
SoftBank Group told shareholders of WeWork that it could withdraw from an agreement to buy $3-billion of stock in the co-working business, casting doubt on a deal that had been set to close in about two weeks.
South Africa now has 116 confirmed cases of the novel coronavirus. “This means that there has been an increase of 31 new cases from yesterday’s announcement,” said the health department on Wednesday morning.
For years, television executives have fretted there is too much TV. Now, with the coronavirus looming large, they are worried there might not be enough.
Labour and business are pushing the government to find a way to utilise an unemployment fund with assets of about R180-billion to fight the effects of the coronavirus outbreak.