At one point at the weekend, Cool Ideas’ network was flooded with 500Gbit/s of junk traffic, affecting the ability of its customers to connect to both local and international websites.

President Cyril Ramaphosa has reiterated that government’s attempts to reconfigure and split Eskom into three divisions is not aimed at privatising the embattled power utility.

Sanral is evaluating tenders it received for the continued management of e-tolls after its existing contract expires next month, suggesting the government plans to continue with the controversial system.

Johann Rupert, the billionaire who controls luxury goods giant Richemont, is considering selling stakes in two South African fibre networks valued at as much as R22-billion, people with knowledge of the matter said.

Eskom said on Monday that it will switch off power in Bloemfontein and other towns in the Free State between 6am and 8pm daily until outstanding municipal arrears are settled.

JPMorgan has declined to comment on suggestions that it pressured First National Bank, through parent FirstRand, to shut the bank accounts of South African cryptocurrency exchanges.