South African banks face the steepest earnings slump in half a century – with some posting losses – as measures to curb the coronavirus drag the economy deeper into recession.
Browsing: News
All the latest technology news from South Africa and around the world.
Asset manager Ninety One has launched a R10-billion fund, in partnership with a private equity firm, that will target investments in South African businesses struggling due to the coronavirus outbreak.
In many African countries, measures put in place to slow the spread of Covid-19 have made it harder for people to access affordable, nutritious foods. Tech entrepreneurs are stepping into the breach.
Long-serving Internet Solutions executive Sean Nourse has been appointed as the new CEO of Internet service provider Webafrica following the departure of Tim Wyatt-Gunning.
Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait.
Cabinet has resolved to appeal the high court judgment that declared the Covid-19 regulations under levels 3 and 4 invalid and unconstitutional.
Efforts to address Eskom’s R450-billion debt burden have taken a back seat to the government’s focus on fighting the Covid-19 pandemic.
Zoom CEO Eric Yuan’s comments that the software company would work with law enforcement by not offering the strongest encryption for free calls has drawn strong criticism.
The rand traded at its strongest in 11 weeks against the dollar in early trade on Wednesday, as investor appetite for riskier assets improved on prospects of a swift global economic rebound.
The high court in Pretoria has found that government’s Covid-19 lockdown regulations are unconstitutional and has ordered them fixed within 14 days.