The rand plummeted and bonds extended declines as investors faced the stark reality of what bailouts for the embattled state power utility will cost South Africa.
Author: Agency Staff
South Africa has unveiled its long-awaited plan to save its debt-stricken state power utility, including exposing it to greater competition, lowering fuel costs, increasing renewable energy output and selling non-core assets.
Although the specific problem that Google’s computer solved won’t have much practical significance, simply getting the technology to work was a triumph; comparisons to the Wright brothers’ early flights aren’t far off the mark.
Google parent Alphabet is in talks for a potential acquisition of smartwatch maker Fitbit, a move that could bolster its hardware business while also increasing antitrust scrutiny.
Bitcoin jumped on Monday, bringing its rally since Thursday to 26%, after China’s government threw its backing behind the digital coin’s underlying ledger technology.
Serious disagreements between developers that want to build an 11GW hydropower plant in the Democratic Republic of Congo may scuttle plans for the project, which is meant to provide power to South Africa.
Chinese investors snapped up every blockchain-related stock in sight after President Xi Jinping said Beijing wants to speed up development of the technology.
With his iconoclast approach intact even after five decades in the business of disruption, Richard Branson has big plans for his airline, his space-flight business, a satellite launcher and a cruise-ship business he plans to introduce next year.
A senior Chinese foreign-exchange regulatory official called for “special attention” to be paid to blockchain as the nation looks to gain advantages from digital finance.
An economy stuck in the longest downward cycle since World War 2, chronic electricity shortages and soft business confidence – after 20 months running South Africa, patience is wearing thin with Cyril Ramaphosa.