Worries about charging electric cars could become a thing of the past as a team of engineers say they have developed a battery that can recharge in 10 minutes.

The rand plummeted and bonds extended declines as investors faced the stark reality of what bailouts for the embattled state power utility will cost South Africa.

Blue Label Telecoms, which bought a 45% stake in Cell C in 2017 for R5.5-billion, has said in its annual report that it is “extremely disappointed” in the performance of the mobile operator.

South Africa has unveiled its long-awaited plan to save its debt-stricken state power utility, including exposing it to greater competition, lowering fuel costs, increasing renewable energy output and selling non-core assets.

South Africa is hopelessly ill-prepared for the move from Internet protocol version 4 to version 6, with IPv4 address space set to run out by as early as March 2020, the Internet Service Providers’ Association has warned.

Prosus has been accused of “selling down” and trying to depress the share price of its rival Takeaway.com in the fight to gain control of Just Eat.