Foxconn Technology Group, the biggest assembler of Apple iPhones, aims to cut $2.9-billion from expenses in 2019 as it faces “a very difficult and competitive year”, according to an internal company memo.

Struggling power utility Eskom has extended its load shedding regime from four stages that allow up to 4GW of demand to be shed, or cut, to eight stages providing for up to 8GW to be shed.

President Cyril Ramaphosa may create a super ministry for economic policy as part of an overhaul of the nation’s executive, according to three people familiar with the matter.

Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocking confidence in the nascent asset class.

South African start-up Jini Guru has launched a smartphone app and QR card to allow users to make micropayments electronically, to a car guard for example, without the need to carry cash.

Uber rival Taxify said on Tuesday that it has expanded its South African operations to include the coastal towns of Plettenberg Bay, George, Knysna and Mossel Bay.