Haemorrhaging cash and drowning in debt, South Africa’s state power utility is trying to persuade the energy regulator to allow it to raise its prices to offset lower-than expected sales and unforeseen expenses.
Author: Agency Staff
Rebel politicians in Boris Johnson’s Conservative Party are piling pressure on the prime minister to reverse his decision to allow Huawei to help build the UK’s next-generation wireless networks.
Arguments that the largest digital token acts as a place of shelter during market turmoil diminished this week as bitcoin slumped amid an intense bout of equity-market selling.
Eskom is battling to keep all the units of its biggest operational power plant open after being served with a compliance notice by South Africa’s environment ministry because of its high levels of air pollution.
Econet Global, owned by Zimbabwean billionaire Strive Masiyiwa, is keen to acquire a telecommunications licence in Ethiopia, which is opening up the industry to foreign investment for the first time.
Apple’s supply chain, which is heavily reliant on China, will probably take more than a month to get back to full capacity at the earliest amid disruptions caused by the coronavirus, according to Wedbush analyst Daniel Ives.
HP has announced it will return $16-billion to shareholders, primarily through buybacks, and boost cost cuts, trying to rally investors against Xerox for control of the world’s second largest PC maker.
The management of the South African Post Office has been instructed to review all of the company’s contracts to ensure they are still relevant to the business requirements.
Huawei reaffirmed its bet that expensive folding smartphones will excite consumers into upgrades, and that Apple’s iPad Pro is a design worth imitating for a new line of tablet computers.
Finance minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt.