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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.

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.