Eskom is overhauling the Africa’s sole nuclear plant with the aim of extending its lifespan by at least 20 years.

South African bitcoin company Centbee has closed a series-A funding round with entrepreneur Calvin Ayre worth R18.3-million. Ayre is founder of CoinGeek and Antigua-based investment firm Ayre Ventures.

Despite being unable to guarantee a stable and consistent supply of electricity, Eskom says it remains committed to its role in unlocking the potential of the electric vehicle market in South Africa.

South Africa’s power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the central bank said.

Some test models of Samsung Electronics’ new foldable phone have suffered defects after only days of use, casting a shadow over the imminent commercial launch of the device.

Almost 15 months into the job, and the boss of South Africa’s state-owned electricity company is getting to grips with issues spanning corruption to defective power plants that threatened to collapse the grid.