The SABC has concluded consultations with staff and labour unions under section 189 of the Labour Relations Act and will now implement sweeping job cuts as part of a board-led plan to turn around the struggling public broadcaster.
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Cryptocurrency exchange Luno, previously backed by Naspers but now owned by Digital Currency Group, has launched a savings wallet, offering customers interest of up to 4%/year on their bitcoin holdings.
Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12 000, a key level watched by chartists and technicians.
Renewables are set to overtake coal this decade as the world’s favourite fuel to generate electricity, the International Energy Agency says.
After almost two years circling an ancient asteroid hundreds of millions of kilometres away, a Nasa spacecraft will this week attempt to descend to the treacherous, boulder-packed surface and snatch a handful of rubble.
Hedge funds have pulled back from one of the biggest short positions in US tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.
Nyiko Shiburi has been appointed as CEO of MultiChoice South Africa, replacing Mark Rayner, as the pay-television group announces sweeping management changes.
South Africa will allow municipalities to source their own power rather than buying electricity solely from the state-owned utility, potentially easing a dispute with its second biggest city, Cape Town.
British Airways has been fined £20-million by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400 000 customers.
Ant Group plans to increase the valuation target for its initial public offering to at least $280-billion due to strong demand. That would make it worth more than three times US banking giant Citibank.