The cryptocurrency industry’s struggles to attract mainstream investment continued last year as global fund raising and deals both dried up, according to a new report from PricewaterhouseCoopers.

Moody’s Investors Service has cut Telkom’s credit rating to “junk”, or “speculative grade”, and affirmed a negative outlook, the telecommunications operator told shareholders on Monday.

Cell C has appointed Simo Mkhize as chief commercial officer with immediate effect. Mkhize has 23 years of experience in the telecommunications industry, which includes five years at Cell C previously.

Yoco, which provides point-of-sale solutions to more than 80 000 small and medium businesses in South Africa, is ideally placed to measure the impact of the Covid-19 lockdown on this segment of the economy.

The ZA Central Registry has suspended deletions of .za domains it administers due to the Covid-19 lockdown in South Africa.

State-owned arms manufacturer Denel has allocated resources and expertise to design and develop medical ventilators locally as South Africa’s coronavirus infections increased by 70 cases to 1 655.

Naspers affiliate Tencent is looking to bring its paid music app Joox to some of Africa’s most populous countries after the streaming service proved a hit in Southeast Asia.

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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