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.
Author: Agency Staff
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.
The South African Revenue Service has encouraged taxpayers to submit income tax returns via e-filing or a new MobiApp when the tax season commences on 1 July.
State-owned arms manufacturer Denel said it doesn’t have enough cash to pay its staff their full salaries this month, joining other government-owned companies clamouring for support in South Africa.
Boosted in part by escalating US tensions, one Chinese upstart, PingCAP, is stepping in, winning over tech giants, start-ups and financial institutions to its enterprise software.
SpaceX’s latest launch, due to be launched on Tuesday morning South African time and billed by Elon Musk as the company’s most difficult ever, has the potential to be extraordinary for a whole host of reasons.
Much of the commentary about Facebook’s proposed libra coin has focused on its defects as a cryptocurrency. It’s more interesting to examine the process for creating libra rather than specific technical features.
Facebook failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege.
Facebook was hours away from the formal announcement of its ambitious foray into financial services, but French finance minister Bruno Le Maire was already broadcasting his discontent.