The mobile industry’s trade body is cutting about a fifth of its workforce after being forced to cancel a conference that generated most of its revenue, according to a person familiar with the plan.

South African business confidence has plunged due to the impact of the coronavirus pandemic, with companies even more pessimistic now than at the height of disinvestment during apartheid.

Ride-hailing giant Uber Technologies has rolled out Uber Cash in South Africa to encourage contactless payments amid the Covid-19 crisis.

Tesla’s stock jumped above $1 000/share on Wednesday after CEO Elon Musk told his staff it was time to bring the Tesla Semi commercial truck to “volume production”.

Promoted | Nico Steyn, co-founder and CEO of IoT.nxt, joins TechCentral for a discussion on how the company has grown a year on from Vodacom Group’s acquisition of a 51% stake in the business.

The move will have multiple negative ramifications for Intel’s chip business. The most obvious is the direct impact of losing revenue as the sole processor supplier for Apple’s PC line.

Vodafone has warned that Britain’s desire to lead the world in 5G technology will face a big blow if it decides to remove Huawei Technologies from the country’s telecoms infrastructure.

Promoted | Did you miss making money on the PC revolution of the 1980s? Or the Internet boom of the 1990s? Or the mass adoption of smartphones and social media in the 2000s? What’s next?

EOH shares rallied by almost 62% at their peak on Tuesday after it said it was making good progress in dealing with debt and was coping well through the Covid-19 lockdown.

EOH Holdings said in an update to shareholders on Tuesday that it’s weathering the Covid-19 economic storm, with its financial performance remaining “resilient” in the quarter ended 30 April.