Among Facebook’s justifications for introducing a new digital currency, libra, the company has offered one pious rationale: to connect the 1.7 billion adults who lack bank accounts to the global financial system.
Author: Agency Staff
The pressure on Eskom to curb emissions is yet another reason why the utility has become the biggest headache for President Cyril Ramaphosa.
Bitcoin’s 60% rally since May recalls the heady 2017 surge that made cryptocurrencies part of the public consciousness. But while prices are going a crazy, the pop culture zeitgeist isn’t quite as giddy.
South Africa has laid out a timeline for the restructuring of Eskom and pledged that creditors of the state-owned electricity company won’t suffer losses, according to a fund manager.
Bitcoin’s furious run is starting to look more and more like it did at the height of crypto-mania two years ago.
US technology companies have resumed selling certain products to Huawei after concluding there are legal ways to work with the Chinese telecommunications giant in spite of sanctions.
Bitcoin continued its stellar rally on Wednesday, surpassing the $12 000 level for the first time in almost a year and a half.
Denel has received a loan to pay its staff their full salaries this month, according to public enterprises minister Pravin Gordhan, giving the company a short-term reprieve from a cash crisis.
A meltdown at some of South Africa’s biggest state companies is intensifying, placing the nation’s finances at risk and frustrating President Cyril Ramaphosa’s efforts to attract new investment and resuscitate a moribund economy.
Facebook’s plan for a new cryptocurrency has the potential to change entire industries. A more likely outcome is that the technology transforms the social media giant’s own business.