Apple is closing all stores outside Greater China until 27 March in response to the coronavirus pandemic. The firm said the most effective way to minimise risk of the transmission is to “reduce density and maximise social distance”.
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Telkom warned shareholders on Friday that R1.5-billion in restructuring costs will hit its earnings in the financial year to end-March as it moves to get rid of as many as 3 000 employees in the first phase of a restructuring process.
The Information Communication Technology Union has called on employers in the sector to allow their employees to work from home amid the coronavirus outbreak in South Africa.
An acute ingress of marine life, including fish and jellyfish, clogged a drum filter at Eskom’s Koeberg nuclear power station, causing unit 1 at the facility to trip on 10 March.
It turns out the relationship between former Public Investment Corp head Dan Matjila and Iqbal Survé’s Sekunjalo Group was as value-destroying as feared by most commentators.
Bitcoin is proving to be no haven asset amid the current global market meltdown. The price of the largest digital currency continued to swing wildly as the latest rout showed no signs of slowing down.
South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off.
Rob Shuter’s announcement that he will not seek to extend his contract as MTN Group CEO a year before it ends will allow the board enough time to pick a suitable candidate.
Bitcoin slumped through $6 000 on Thursday, leading a rout of cryptocurrencies amid a wider global risk asset sell-off over the intensifying coronavirus crisis.
Many members of the Libra Association – a Facebook-led effort to create a global cryptocurrency – are now also backing a rival effort.