Cryptocurrencies are not immune to the gyrations rocking global markets, plunging along with a broad range of assets on Monday in the wake of the collapse in crude oil prices.
Author: Agency Staff
The rand plunged by almost 8% against the dollar on Monday as investors fled riskier assets, with tumbling oil prices adding to nervousness spurred by the spreading coronavirus.
A metal best known for galvanising steel is making the jump into a developing $30-billion energy-storage market for electrical grids that’s increasingly seen as key to unleashing solar and wind power upon the world.
The South African government is adequately prepared to contain the spread of the coronavirus, with only a single case confirmed so far, health minister Zweli Mkhize said.
The South by Southwest arts and technology festival in Texas has been cancelled due to fears about the coronavirus outbreak.
Eskom warned that its maintenance plan must be supported by the government or South Africa can expect regular blackouts from power cuts of 8GW by mid-2021, a move that would cripple the economy.
Twitter CEO Jack Dorsey said he will reconsider working remotely from Africa in 2020 due to the coronavirus and “everything else going on”.
Netflix sees the opening of new crime-drama series Queen Sono as the first of many original African TV series that will win the US giant a bigger slice of a market still dominated by satellite TV.
Apple’s highly anticipated 5G iPhone could see a delayed release as a result of the coronavirus, according to BofA, which cited a conversation with an expert on the company’s supply chain.
Justin Trudeau’s industry minister said Canada won’t be strong-armed into a decision on restricting a Chinese technology giant’s access to next-generation wireless networks.