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Facebook’s Instagram is estimated to be worth more than US$100-billion (R1.4-trillion), if it were a standalone company, marking a 100-fold return for the app was purchased in 2012, according to data compiled by

Bitcoin traded above $6 000 on Monday morning after dropping below that level for the first time since February over the weekend, with the digital currency heading for a second straight quarterly decline

JSE-listed technology group Gijima has its sights on the local telecommunications market. It says it will either acquire or partner with a company that has its own network. CEO Jonas Bogoshi says Gijima has decided to play a more direct role in cloud computing, including hosted services and voice and data technologies.

Zimbabwe cellphone subscribers have increased four-fold since a unity government took office last year, but local firms say they battle to attract investors who worry the political truce won’t last. In 2008, when the local currency was ravaged by world-record hyperinflation, Sim cards were selling for up to US$220 — not including a phone.