Zimbabwe’s security force leaders sidelined the nation’s economic chiefs and forced the government to issue an order to close the stock exchange and halt most mobile money transactions, sources say.
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South Africa’s recession deepened in the first quarter of 2020, with official data on Tuesday showing that GDP contracted 2% from the previous three months.
The high court has sided with Eskom in a dispute over the amounts energy regulator Nersa allowed the state utility to claw back from customers for electricity supplied in the 2014/2015, 2015/2016 and 2016/2017 financial years.
Media and e-commerce group Naspers on Monday reported a 4.5% drop in profit for the year to 31 March, mainly as a result of investments to drive growth in its food delivery business.
Nedbank now allows merchants to accept payments directly on their phones using tap-to-pay technology. It allows business owners to convert their mobile phones into payment acceptance devices.
Ahead of the launch later on Tuesday by MTN South Africa of its 5G network, the mobile operator has updated its coverage maps, showing where the superfast technology is available.
South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
Uber Technologies is in talks to purchase food delivery service Postmates for about US$2.6-billion, Dow Jones reported, citing people familiar with the matter.
MTN has rolled out a new feature of its Mobile Money service that will allow South African consumers to make purchases online using their MoMo wallets – no bank card required.
Tesla has grown from Silicon Valley gadfly to the world’s second largest automaker by market capitalisation in the decade since its initial public offering. It’s been a roller-coaster ride.