Bitcoin is proving to be no haven asset amid the current global market meltdown. The price of the largest digital currency continued to swing wildly as the latest rout showed no signs of slowing down.

South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off.

Rob Shuter’s announcement that he will not seek to extend his contract as MTN Group CEO a year before it ends will allow the board enough time to pick a suitable candidate.

The stock market’s latest plunge pulled global equities into a bear market with traders taking fright at the potential economic damage of the coronavirus.

Bitcoin slumped through $6 000 on Thursday, leading a rout of cryptocurrencies amid a wider global risk asset sell-off over the intensifying coronavirus crisis.

When Google published revenue from its cloud business for the first time last month, a feeling of bitter vindication swept through IBM.

Many members of the Libra Association – a Facebook-led effort to create a global cryptocurrency – are now also backing a rival effort.

World Wide Web inventor Tim Berners-Lee has warned that “the Web is not working for women and girls”, in an open letter to mark the 31st anniversary of its creation.

Promoted | IT leaders from major South African organisations exchanged ideas, pain points and advice recently at a TechCentral CIO Perspectives Roundtable, sponsored by SUSE, to discuss “using the cloud for business survival”.

Leading MTN Group has come at an “enormous sacrifice”, outgoing CEO Rob Shuter said on Wednesday at a media conference following the presentation of the telecommunications operator’s 2019 financial results.