Eskom CEO André de Ruyter said on Thursday the state power utility could become financially viable and do without government bailouts if it could more than halve its debt to R200-billion.
Author: Agency Staff
Ethiopia is pushing ahead with plans to sell two new telecommunications licences following delays due to the coronavirus outbreak and postponed elections.
Samsung Electronics has begun building a cutting-edge chip production line intended to help it take on TSMC and Intel in the business of making silicon for external clients.
A Facebook rally pushed shares of the social media company to a record on Wednesday. Facebook rose as much as 6% to $230.33, extending a winning streak to the fifth consecutive day.
The US senate overwhelmingly approved legislation on Wednesday that could lead to Chinese companies such as Alibaba Group and Baidu being barred from listing on US stock exchanges.
Cape Town said it could buy its own renewable energy within five to six years if it wins a court case against the government.
New power from wind and solar is set to fall this year for the first time in two decades due to factory closures, workers’ needs for social distancing and developers’ financial concerns.
The rate of new coronavirus infections in South Africa has to slow before the country can lift a nationwide lockdown in line with World Health Organisation guidelines, health minister Zweli Mkhize said.
ByteDance’s valuation has risen at least a third to more than $100-billion in recent private share transactions, people familiar with the matter said.
Facebook is launching Shops, a service that will allow businesses to display and sell products on the world’s largest social network’s platforms, CEO Mark Zuckerberg said on Tuesday.