More News

World News

Bitcoin fell to a six-week low, as selloff that began in early May dropped the cryptocurrency’s price below $7 500 for the first time since mid-April. Bitcoin slumped 7.3% to $7 495 as of 1.57pm in New York

Telkom is trying urgently to renegotiate multiple contracts entered into by its troubled Nigerian subsidiary Multi-Links. If it can’t reach new agreements with the suppliers, Multi-Links could be forced to shut up shop. That’s the stark warning from Telkom acting CEO Jeffrey Hedberg, who had been running the Nigerian business until a few weeks ago, when he was called on by Telkom’s board to head up the group following the premature departure of former CEO Reuben September.

Ousted communications director-general Mamodupi Mohlala says the way communications minister Siphiwe Nyanda fired her was akin to a “public execution”. Mohlala tells TechCentral that she had questioned the minister on several issues related to the running of the department. “But I never expected it to come to a head like this.”