Tesla has won a vote of confidence from Chinese Internet giant Tencent Holdings, whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about US$1,8bn
President Jacob Zuma is taking a gamble as he ups the ante in his battle with his finance minister Pravin Gordhan for control of the nation’s finances. If he fires Gordhan, as he told Communist Party officials
South Africa’s latest bout of political turbulence has reignited fears among international investors that the country is on the brink of losing its investment-grade status. Yields on the nation’s dollar bonds jumped the
A battle between national security and privacy is brewing. Governments and secret services are asking encrypted messaging services such as WhatsApp to allow them access to users’ data. Most recently, in the wake
In the first of several TechCentral podcast interviews diving into cybersecurity issues, TechCentral editor Duncan McLeod sat down with Jacques Louw, director and head of cyber defence at MWR InfoSecurity in South Africa
You may have heard about the sword of Damocles, hanging above its target by a single hair. It’s a metaphor often used to describe impending doom, yet this is not the actual meaning. The story goes that
President Jacob Zuma told senior leaders of the South African Communist Party that he plans to fire finance minister Pravin Gordhan, according to three people with knowledge of the matter. The rand plummeted. Zuma told officials
Samsung Electronics has detailed its plans for the millions of Galaxy Note7 smartphones it pulled off shelves when some caught fire last year, including recycling materials and potentially letting customers use them as
President Jacob Zuma’s order for finance minister Pravin Gordhan to cancel an investor roadshow in London and the US left the nation’s credibility in tatters. The rand plunged more than any other major currency on
From 1 April, it will cost residential consumers 5,3% more per month to lease a phone line from Telkom. Line rental will increase from R189 to R199/month on that date. Meanwhile, a residential telephone line installation rises by