South Africa’s recession deepened in the first quarter of 2020, with official data on Tuesday showing that GDP contracted 2% from the previous three months.

The high court has sided with Eskom in a dispute over the amounts energy regulator Nersa allowed the state utility to claw back from customers for electricity supplied in the 2014/2015, 2015/2016 and 2016/2017 financial years.

Media and e-commerce group Naspers on Monday reported a 4.5% drop in profit for the year to 31 March, mainly as a result of investments to drive growth in its food delivery business.

Nedbank now allows merchants to accept payments directly on their phones using tap-to-pay technology. It allows business owners to convert their mobile phones into payment acceptance devices.

Health minister Zweli Mkhize has warned that tighter lockdowns may be needed in some parts of the country as a surge in Covid-19 cases is expected in the coming weeks.

Ahead of the launch later on Tuesday by MTN South Africa of its 5G network, the mobile operator has updated its coverage maps, showing where the superfast technology is available.

Promoted | Smartphone manufacturers that can deliver superior performance and an intuitive user interface stand to benefit from a marked shift in consumer demand.

Promoted | Axiz presents the Logitech MX Vertical, a mouse that eases the biomechanical load, which mitigates the risk of musculoskeletal injury.

South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.

Uber Technologies is in talks to purchase food delivery service Postmates for about US$2.6-billion, Dow Jones reported, citing people familiar with the matter.