A seat on a spaceship ride with billionaire Jeff Bezos went for R385-million during a live auction on Saturday, concluding the month-long bidding process.

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Icasa said late on Friday that it is nearing a “settlement breakthrough” with telecommunications operators that will allow a planned spectrum auction to proceed.

As Eskom shifted from stage 1 to stage 2 to stage 4 load shedding and then back to stage 2, then stage 3 this week, the impact on Johannesburg’s City Power grid has been chaotic.

Avvatta, the brainchild of the former CEO of Cell C’s now-defunct entertainment platform, Black, has been launched, promising more competition in the already-crowded streaming video market in South Africa.

Eskom will suspend load shedding at 8pm on Friday, but it will implement the rolling national blackouts at stage 1 on Saturday and Sunday evening “for a limited period”.

South Africa has laid the foundation for finance watchdogs to set crypto-asset controls as the nation seeks to curb growing cases of fraud and improve the management of cross-border flows.

South Africa has agreed to sell a majority stake in South African Airways, ridding the government of an entity that has long been a drain on state finances.