Eskom is challenging the South African energy regulator in court over a tariff increase the state-owned utility says isn’t sufficient, Mining Weekly reported, citing court papers.
Author: Agency Staff
Nedbank Group is in talks with about 1 500 employees over potential job cuts at the lender’s retail and business banking division to cope with a struggling economy and increased competition.
Millions of young people are turning their personal Instagram accounts into “business” profiles to learn more about how their posts are performing. The trend has an unintended privacy consequence.
US President Donald Trump has promised to retaliate against France for adopting a pioneering tax on Internet giants such as Google, Amazon and Facebook.
Apple is to acquire chip maker Intel’s smartphone modem division for $1-billion to bolster its attempt to build its own line of 5G chips and lessen its dependence on Qualcomm.
Twitter reported sales that beat Wall Street expectations as the social media company attracted millions of new users with better ways of sorting users’ feeds and more relevant notifications.
Vodafone Group plans to carve out its phone towers into a separate unit and consider an initial public offering, as it seeks to sell substantial stakes in the business to lower its debt.
Finance minister Tito Mboweni says government borrowing will surge and taxes may rise to fund the troubled Eskom. Yet no plan has been announced to restructure the overstaffed company.
Africa is rural. Or that’s what senior Western officials envision when they talk about the continent. This is wrong. Dangerously wrong.
South Africa’s decision to more than double its financial support for Eskom is “credit negative” for the sovereign rating as it’s an additional drain on the budget, Moody’s Investors Service said.