The dogecoin frenzy is reaching fever pitch as Elon Musk prepares to host Saturday Night Live with speculation he’s poised to talk up his beloved token. Crypto pros are not impressed.
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Data published by Eskom this week shows that the utility has not been able to generate enough electricity to adequately meet peak evening demand.
Paystack, the fintech start-up acquired last year by US fintech major Stripe, is establishing a presence in South Africa as it looks to cement its position as a significant player in the African online payments industry.
Eskom doesn’t want to buy electricity from the company that won most of a government emergency power tender because it’s concerned about the cost and length of the contract, sources said.
IBM on Thursday said that silicon has at least one more generational advance in store, promising faster computers and smartphones that use considerably less power.
Fintech companies in Africa raised more capital in 2020 despite the Covid-19 pandemic, standing in contrast to their emerging market peers such as Latin America that saw a decline.
The Financial Sector Conduct Authority issued and withdrew a warning on South African cryptocurrency arbitrage company Ovex – all in the space of hours on Thursday.
MTN Group is making progress towards separating the company’s fintech business and sell a portfolio of South African towers as Africa’s largest wireless carrier continues to slim down.
Eskom said on Wednesday that it is unable to agree to certain union demands over wage increases and declined to make an offer on basic salary until labour groups respond.
Eskom issued a start warning on Wednesday, saying it will increase “load reduction” measures in Gauteng to try to cope with threats to its distribution infrastructure from criminals.