As risk assets regain their mojo amid optimism the coronavirus spread is beginning to level off, bitcoin’s back above $7 000 and may be headed higher still.

Vodacom is suing Absa for losses of at least R1.2-billion it claims it incurred due to an alleged unauthorised payment from the operator’s accounts to Tanzania’s tax agency last year. It’s also demanding R4.3-billion under a guarantee signed between the parties.

Icasa will temporarily assign spectrum in the 700MHz, 800MHz, 2.3GHz, 2.6GHz and 3.5GHz bands, with licensees required to submit their applications by no later than Thursday.

An expert involved in the fight against coronavirus has described conspiracy theories linking 5G technology to the pandemic as “utter rubbish” after videos showing masts on fire in the UK were posted on social media.

Communications regulator Icasa has moved to quash conspiracy theories spreading through social media that next-generation 5G networks pose a health risk to consumers.

Moody’s Investors Service has cut Telkom’s credit rating to “junk”, or “speculative grade”, and affirmed a negative outlook, the telecommunications operator told shareholders on Monday.