Convergence Partners, the private equity investment firm controlled by businessman and entrepreneur Andile Ngcaba, has announced the first close of its third fund after raising $120-million.

Chip makers from Taiwan to the US are cranking up production to address shortages that have hammered car manufacturers and other customers as they try to emerge from the coronavirus pandemic.

Russia managed to disconnect from the global Internet during tests in June and July, the RBC daily reported on Thursday, citing documents from the working group tasked with improving Russia’s Internet security.

South Africa aims to have given at least one dose of Covid-19 vaccine to 35 million of its 60 million people by Christmas, a senior health official said on Wednesday.

Mercedes-Benz plans to invest more than €40-billion by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology would lead to job cuts.

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National excess deaths, seen as a more precise way of measuring total fatalities from the coronavirus, rose to 203 000 during the coronavirus pandemic, the South African Medical Research Council said.

Tesla will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, CEO Elon Musk said.

Business software maker Salesforce.com has closed its purchase of Slack Technologies, a massive bet that Slack’s workplace app will become popular for collaborations within and between companies.