Thinking of jumping into bitcoin? If this week’s boom and bust trading didn’t scare you away, you might want to do so on a Saturday or Sunday.
Author: Agency Staff
President Cyril Ramaphosa is considering whether to back a proposal to improve troubled Eskom’s debt terms by closing polluting coal plants early to make way for renewable energy.
Bharti Airtel’s Africa unit plunged in London trading after raising about $750-million in an initial public offering, making it among the worst debuts on European exchanges this year.
Apple will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the US, the Wall Street Journal reported.
This week’s jump in bitcoin prices revived themes well known to the digital currency that inflated then burst less than two years ago. Among them: enormous volatility and exchange overloads.
South Africa’s economy remains stuck in its longest downward cycle since 1945, adding to the risk that it may fall into its second recession in a year.
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.
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.