Patrice Motsepe’s African Rainbow Capital has increased the value it attaches to telecommunications operator Rain to R12.1-billion.

The astonishing things is that shareholders were asked to approve the new scheme – and did – without knowing what the performance condition was.

At current levels, Apple has a valuation of about $1.02 trillion, putting it slightly under Microsoft, the largest publicly traded US stock, with a valuation of $1.05-trillion.

Facebook’s libra would be blocked in Europe because the digital currency is too risky and threatens sovereignty, French finance minister Bruno Le Maire said on Thursday.

Frogfoot Networks has acquired the network assets and customer base of Blitz Fibre and entered into a deal with the company to accelerate the roll-out of fibre in multi-dwelling units across South Africa.

Promoted | Vox has introduced its IT Assessment Programme, which is aimed at ensuring that small and medium enterprises’ IT infrastructure is up to date and secure.

Promoted | LanDynamix has announced the achievement of a level-2 BEE rating for the second year in a row. At the same time, it has revealed the details of the LanDynamix Employees Trust, which has been allocated 30% of the shares in the business.

Scientists in the UK have made a “world-first” discovery on a distant planet that hosts both water and temperatures which could support life.

Oracle said CEO Mark Hurd will take a leave of absence for health-related reasons. Founder Larry Ellison and Safra Catz, who shares the CEO role with Hurd, will assume Hurd’s responsibilities during his absence.

Customers of leading fibre-to-the-home broadband provider Cool Ideas have been suffering from intermittent and sometimes non-existent Internet access since Tuesday night.