The rand plunged by almost 8% against the dollar on Monday as investors fled riskier assets, with tumbling oil prices adding to nervousness spurred by the spreading coronavirus.
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Vodacom and the Competition Commission have reached a settlement agreement over data prices following the regulator’s publication in December of surprisingly broad-ranging, tough and radical interventions in the data services market.
The South African government is adequately prepared to contain the spread of the coronavirus, with only a single case confirmed so far, health minister Zweli Mkhize said.
Health minister Zweli Mkhize said on Saturday that a second case of a novel coronavirus infection in South Africa has been identified – this time in Gauteng.
Eskom warned that its maintenance plan must be supported by the government or South Africa can expect regular blackouts from power cuts of 8GW by mid-2021, a move that would cripple the economy.
Twitter CEO Jack Dorsey said he will reconsider working remotely from Africa in 2020 due to the coronavirus and “everything else going on”.
Netflix sees the opening of new crime-drama series Queen Sono as the first of many original African TV series that will win the US giant a bigger slice of a market still dominated by satellite TV.
The banking group spent R7.5-billion on IT licences, maintenance and related costs in the 2019 financial year, up 17%, due to the weaker rand and costs associated with its move to the cloud.
The novel coronavirus has hit South African shores. The ministry of health said in a statement on Thursday that a suspected case of Covid-19, as the virus is called, has tested positive.
Policy documents in national treasury’s 2020 budget review suggest government will soon significantly relax controls over the export of South African-owned intellectual property.