Technology group Etion has reported a 108% slide in full-year headline earnings per share to a loss of 0.56c and has blamed the weak South African economy for the poor performance.

A meltdown at some of South Africa’s biggest state companies is intensifying, placing the nation’s finances at risk and frustrating President Cyril Ramaphosa’s efforts to attract new investment and resuscitate a moribund economy.

Facebook’s plan for a new cryptocurrency has the potential to change entire industries. A more likely outcome is that the technology transforms the social media giant’s own business.

Telkom Group CEO Sipho Maseko has sold more than 112 000 shares in the telecommunications operator, bagging R10.8-million in the process.

The South African Revenue Service has encouraged taxpayers to submit income tax returns via e-filing or a new MobiApp when the tax season commences on 1 July.

State-owned arms manufacturer Denel said it doesn’t have enough cash to pay its staff their full salaries this month, joining other government-owned companies clamouring for support in South Africa.

SpaceX has launched its heftiest rocket with 24 research satellites. The rocket is also carrying a deep-space atomic clock, a solar sail, clean and green fuel, and even human ashes.

Promoted | Disruptor Storex, specialists in multi-vendor infrastructure lifecycle extension management, says that on average most displaced OEM estates have not even reached 40% of the potential capacity before being replaced.

Boosted in part by escalating US tensions, one Chinese upstart, PingCAP, is stepping in, winning over tech giants, start-ups and financial institutions to its enterprise software.

Promoted | XDN Office (Xerox) recently partnered with Glenwood High School, which has a rich history in KwaZulu-Natal education, as a service provider for all its printing requirements.