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MultiChoice Group has created an Innovation Fund to invest in small businesses in the video entertainment and technology sectors.

Consumer-price growth quickened to 4.5% from 4% in December, Statistics South Africa said on Wednesday. The median estimate of 19 economists was for 4.6%.

It’s been a grim start to 2020 for some South African-listed technology companies, which have seen their shares battered on weak earnings updates and negative investor sentiment.

MTN South Africa said on Tuesday that it’s some making progress in fighting the scourge of cellphone tower battery theft, though the problem is far from being overcome.

South Africa’s Energy War Room, a grouping of the main cabinet ministers responsible for the power industry, will meet for the first time this week since being reconstituted by President Cyril Ramaphosa in December.

MultiChoice will hike the price of some DStv bouquets on 1 April, but the increases have been kept well below inflation as the broadcaster battles weak consumer spending and rivalry from online streaming platforms.

One of South Africa’s highest-profile politicians is quitting Twitter, describing the social media site as an “evil platform” that has “degenerated into a platform for irrationality and mob-lynching”.

Vodacom Group sees its African financial services business as a cornerstone of growth as the wireless carrier expands into products such as funeral insurance and loans of as little as $2.

Shares in software services company Adapt IT plunged 20% on Monday after it warned shareholders after markets closed on Friday that its interim earnings would take a beating.

While some generating units have returned to service, the possibility of load shedding for the rest of the week remains, said Eskom.