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The European Union’s antitrust chief says she’s taken the unusual step of scrutinising Facebook’s planned cryptocurrency because of the risk that libra will lead to the creation of a new, entirely separate economy.

Companies that handle people’s personal information, whether of clients or suppliers or simply their own staff, will have to meet stringent requirements when the Protection of Personal Information (PoPI) Bill is enacted and could face fines of up to R10m if they fail to do so

Competition cases, such as the two Telkom recently agreed to settle with South Africa’s Competition Commission, are outside the purview of the law, exploit public distrust of private-sector companies, enrich competition authorities and extract shareholder funds from companies by encouraging executives