Eskom, struggling with more than R440-billion in debt, has said it will take as long as three to five years to comply with the government’s plan to split the company into three separate units.
Author: Agency Staff
Mark Carney has laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a libra-like virtual one.
Huawei Technologies expects US export restrictions to reduce annual revenue at its consumer devices business by about $10-billion.
Econet Wireless of Zimbabwe has put its media unit up for sale after saying earlier this month it would be closed because of a shortage of foreign currency in the country.
VMware has agreed to purchase two software companies on Thursday for almost $5-billion, expanding its reach in development tools and cybersecurity.
Apple is readying a clutch of new hardware for the coming weeks and months, including “Pro” iPhones, upgrades to iPads and its largest laptop in years.
Google has outlined a plan to try and make surfing the Web more private while still allowing enough targeted advertising to keep publishers – and itself – in business.
Huawei Technologies used code names and secret subsidiaries to conduct business in Syria, Sudan and Iran, the US alleged in the extradition case related to sanctions violations against the company’s chief financial officer.
An acceleration in economic growth in South Africa could trigger power cuts, with state utility Eskom’s fragile generation system unable to respond to increased demand for electricity.
Jumia Technologies has identified cases of improper transactions at the Africa-focused online retailer’s Nigeria business that amounted to as much as 4% of first quarter sales.