A Lisbon court has ordered the “preventive seizure” of a 26% stake in Portuguese telecommunications company NOS SGPS that’s controlled by Isabel dos Santos, Africa’s richest woman.

South Africa’s economy could contract by between 2% and 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank.

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EOH Holdings is poised to slash employee salaries by as much as 20% in an effort to stave off a potential Covid-19 lockdown-induced crisis at the JSE-listed IT services group.

Mike Stopforth joins TechCentral for a discussion on what the Cerebra founder and former CEO has planned next. He also looks back at the founding, growth and eventual sale of Cerebra to WPP.

The rand hasn’t hit rock bottom yet. Even after falling to its weakest level on record against the dollar this week, South Africa’s currency has a better chance of extending the decline in coming months.

Google is releasing new data about how the coronavirus pandemic has cut down on foot traffic to transit centres, retail stores and public parks, including those in South Africa.

Helios Towers’ plans to expand following last year’s London share sale may have been waylaid by the coronavirus outbreak, but the Africa-focused company has $350-million primed and ready for when deal-making can resume.

The West Africa Cable System has begun carrying traffic again after a cable break off the coast of England last week interrupted services between South Africa, and other African countries, and Europe.