South African Airways’ administrators proposed the government put up at least R26.7-billion to rescue the carrier after years of losses and the grounding of commercial passenger flights.
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Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as regulators said its terms and conditions and restrictions may violate the bloc’s competition rules.
Telkom warned on Monday that its full-year headline earnings per share will fall by as much as 70% as a collapsing fixed-voice business, fallout from the Covid-19 pandemic and costs associated with job cuts hit hard.
Facebook’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payment as they would a photo or video.
Bitcoin slid below $9 000 on Monday for the first time since May, joining a downdraft in global equities amid growing concern about the risks of a second wave of coronavirus infections.
Shipments in South Africa’s smartphone market declined 22.9% in the first quarter of 2020, compared to the quarter ended December 2019, International Data Corp said on Monday.
Stephane Richard, the CEO of French telecommunications giant Orange, wants to step up its presence in Africa and is mulling an entry into South Africa.
Facebook fired an employee who had criticised CEO Mark Zuckerberg’s decision not to take action against inflammatory posts by US President Donald Trump this month.
The energy ministry on Sunday began consultations with industry on preparations for a proposed 2.5GW nuclear power plant building programme, which has faced opposition from environmental campaigners.
Rain expects to accelerate the installation of 5G towers to 1 500 in larger metropolitan areas in South Africa by December 2021, African Rainbow Capital Investments said on Friday.