First National Bank’s online banking website suffered unscheduled downtime on Tuesday, with frustrated customers taking to social media to complain about the outage.

Naspers subsidiary PayU is among the founding members of the Libra Association, a group of companies that will have an equal say in how Facebook’s new cryptocurrency is managed.

Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphones.

Facebook has announced its own form of cryptocurrency called Libra alongside a digital wallet named Calibra, which will allow users to pay for everyday items directly using their smartphone.

Apple is strongly rumoured to be putting its standard iPhone model on a diet next year, releasing a 5G version with a 5.45-inch screen, down from 5.8 inches in the current Xs model.

Apple boss Tim Cook has taken aim at “chaos factory” technology giants for failing to take responsibility for data breaches and privacy violations.