The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that a financial sector regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike.
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Britain’s financial regulator has ordered Binance, one of the world’s largest cryptocurrency exchanges, to stop all regulated activity and issued a warning to consumers about the platform.
Intel CEO Pat Gelsinger has predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year.
Dimension Data’s newly appointed CEO, Werner Kapp, said the company’s parent, NTT, sees Africa and the Middle East as ripe with potential.
Eskom on Friday said it will implement a conditional 1.5% wage increase, potentially setting the stage for a showdown with unions, which had been demanding far more.
The decision by the environment department to refuse environmental authorisations for Karpowership SA’s multibillion-rand energy deal is likely to be appealed.
Dimension Data is near to concluding a deal to sell Internet service provider Mweb, but has taken the sale of another business it has deemed non-core, Merchants, off the table for now.
South Africa’s financial regulator says its hands are tied in the alleged $3.6-billion bitcoin fraud at Africrypt because cryptocurrency is not yet a regulated product there.
South Africa’s environment department said on Thursday that it had refused applications by Karpowership for environmental authorisations for three gas-to-power projects.
Price cuts at Vumatel, to be implemented from next week, are not a risk to parent CIVH’s balance sheet and are only likely to register as “blip” in the company’s long-term growth trajectory, CIVH CEO Raymond Ndlovu said.