S&P Global Ratings has downgraded Cell C’s debt rating further after the troubled mobile operator amended a private “airtime facility” agreement that the agency described as being “tantamount to a selective default”.
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South Africa has laid out a timeline for the restructuring of Eskom and pledged that creditors of the state-owned electricity company won’t suffer losses, according to a fund manager.
Combined gross fraud losses on South African-issued bank cards soared by 18% in 2018, compared to the previous year, and totalled an astronomical R873.4-million, industry body Sabric said on Wednesday.
Bitcoin’s furious run is starting to look more and more like it did at the height of crypto-mania two years ago.
Facebook’s libra cryptocurrency has taken a lot of criticism from Western government officials and media commentators – but it’s not meant for them.
US technology companies have resumed selling certain products to Huawei after concluding there are legal ways to work with the Chinese telecommunications giant in spite of sanctions.
Bitcoin continued its stellar rally on Wednesday, surpassing the $12 000 level for the first time in almost a year and a half.
Chinese smartphone maker Oppo has revealed another glimpse of its hidden selfie camera technology as manufacturers explore new designs to maximise display space.
Aerospace firm Boeing has announced plans to work on self-flying taxis with an American start-up backed by Google co-founder Larry Page.
Denel has received a loan to pay its staff their full salaries this month, according to public enterprises minister Pravin Gordhan, giving the company a short-term reprieve from a cash crisis.