South African prosecutors have moved to freeze R1.6bn of assets held by McKinsey & Co and a company linked to the Guptas, the first significant response to corruption allegations against the politically connected
Author: Agency Staff
The Hawks police unit has obtained an arrest warrant for at least one of the members of the politically connected Gupta family, City Press reported. The unit is now waiting for prosecutors at the National Prosecuting
Bitcoin slumped to the lowest level since December in Asia trading hours as cryptocurrencies continued a January selloff amid rising scrutiny from global regulators. Bitcoin fell 6.3% to US$13 040 at 10.32am in Hong Kong, the lowest
Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn
China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned
ANC president Cyril Ramaphosa said on Sunday night that while Jacob Zuma’s government must obey the decisions of the party, he doesn’t want to “humiliate” the president and divide the nation. Ramaphosa, speaking in a
Recent revelations that millions of Intel’s chips carry a security flaw is putting a deeper strain on the company’s decades-long partnership with Microsoft. Dubbed Wintel, the two technology giants worked hand in hand for much
Eskom, which generates almost all of South Africa’s electricity, is still studying the impact of a tariff increase that was about a quarter of what it requested as shrinking liquidity threatens the utility. An award by the state energy regulator
Chinese smartphone maker ZTE aims to launch a smartphone with faster 5G Internet capabilities in about a year, according to Lixin Cheng, CEO of the company’s US division. The device would be introduced in the US at the end of
Facebook is making major changes to its flagship social network, shifting users’ news feeds back toward posts from friends and family and away from businesses and media outlets – a transition that is likely to mean people spend