Microsoft plans eliminate 10 000 jobs and take a $1.2-billion charge as its cloud computing customers dissect their spending.
Author: Agency Staff
The most severe power cuts ever experienced in South Africa are threatening food and water supplies and disrupting the lives of millions of people.
Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports.
South Africa has a plan to improve energy provision that will end the need for any power cuts within the next 12-18 months, Enoch Godongwana said.
MTN Group plans to start a dispute resolution process if talks with Ghanaian authorities over a surprise back-tax bill it received last week fail.
Ghana has granted Vodafone International Holdings approval to sell its 70% stake in Vodafone Ghana to Telecel Group.
Eskom said it would shorten power cuts from Tuesday morning, but electricity shortages look set to continue at least into 2024.
Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new memecoin.
The rand slumped on Monday as investor concerns mounted over a power crisis that prompted President Cyril Ramaphosa to cancel a trip to Davos.
Tencent shares have nearly doubled from a recent low on growing signs that China is preparing to end its crackdown on major tech firms.