A Lisbon court has ordered the “preventive seizure” of a 26% stake in Portuguese telecommunications company NOS SGPS that’s controlled by Isabel dos Santos, Africa’s richest woman.
Author: Agency Staff
South Africa’s economy could contract by between 2% and 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank.
The rand hasn’t hit rock bottom yet. Even after falling to its weakest level on record against the dollar this week, South Africa’s currency has a better chance of extending the decline in coming months.
Google is releasing new data about how the coronavirus pandemic has cut down on foot traffic to transit centres, retail stores and public parks, including those in South Africa.
The tech bubble is popping, but not in the way anyone expected. After years of fretting that free-spending start-ups with unrealistic valuations would bring down the start-up economy on its own, a global pandemic is doing it in instead.
Communications minister Stella Ndabeni-Abrahams has moved to assure South Africans that contact tracing in Covid-19 cases will not be used to spy on citizens.
As South Africa enters the seventh day of the nationwide Covid-19 lockdown, Eskom has announced that it will double maintenance work at its plants.
Security experts have voiced concerns after Boris Johnson tweeted a picture of a virtual cabinet meeting which included personal details.
Apple has relaxed a controversial policy that took a 30% cut of payments when video apps on its platform sold television shows and movies.
South Africa’s wind energy producers are questioning the legality of a decision by the state-owned power utility to curtail purchases of their output due to low demand stemming from a national lockdown.