It’s certainly not at the same scale as a Tesla or a MicroStrategy, but some privately held South African firms have started converting a portion of their cash holdings into cryptocurrencies like bitcoin.
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Pick n Pay can expect some competition from rival Shoprite when it comes to offering a mobile data and voice service.
Volkswagen’s boss, Herbert Diess, is realistic about the threat posed by software-savvy and richly valued rivals such as Tesla, but he’s adamant that VW can prevail. On current form, he may be right.
Samsung Electronics has warned it’s grappling with the fallout from a “serious imbalance” in semiconductors globally, becoming the largest tech giant to voice concerns about chip shortages.
Coinbase Global, the largest US cryptocurrency exchange, said on Wednesday that recent private market transactions had valued the company at around $68-billion.
Broadcasters, working with the ministry of communications & digital technologies, have begun switching off analogue terrestrial television transmitters in the Free State.
Communications regulator Icasa will pursue a legal appeal against a high court judgment that slammed the brakes on the spectrum auction. But has also said it is open to an out-of-court agreement.
Huge Group CEO James Herbst on Tuesday rubbished a claim that the company used its share buyback programme to manipulate its share price higher ahead of its bid to acquire Adapt IT.
Over the next five years, Eskom is expected to have an electricity supply shortage of 4GW. However the shortfall could increase as the economy grows, according to the power utility’s chief executive, André de Ruyter.
Just like Samsung has an edge over Apple with its superior smartphone display, there is one area where VW may be ahead of Tesla: The German car maker has placed a big bet on next-generation lithium-ion batteries.