The production-weighted cash cost to create one bitcoin averaged around US$4 060 globally in the fourth quarter, according to analysts with JPMorgan Chase & Co.
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All the latest technology news from South Africa and around the world.
Facebook is giving up on its standalone Moments photo organiser app more than three years after launching it.
Teraco Data Environments is being acquired by Berkshire Partners, a Boston-based investment firm. The Permira funds, an existing shareholder, will remain a “significant” investor alongside Berkshire.
The weak South African economy, coupled with consumers “optimising” promotional data, has led to a surprise decline in Vodacom’s service revenue in the quarter ended 31 December 2019.
Internet ride-hailing company Uber has introduced a “Lite” version of its smartphone app in South Africa, aimed at users in bandwidth-constrained environments.
MTN Uganda is in talks to sell an unspecified stake to the state-run National Social Security Fund that would widen local shareholding currently at only 5%, President Yoweri Museveni’s office said.
Chinese technology giant Huawei has announced plans for a next-generation smartphone that will use its own technology instead of US components, manoeuvring to gain a competitive edge and sidestep complaints it is a security risk.
Vodacom Group fell the most in more than two months after it reported falling sales in South Africa, where a slower than expected economic recovery dampened consumer spending.
The Public Investment Corp breached policy when it agreed to invest in a local technology company before the deal had received the necessary approvals.
MTN Group on Wednesday confirmed reports that three senior managers have been arrested and deported by the Ugandan government.