Africa is rural. Or that’s what senior Western officials envision when they talk about the continent. This is wrong. Dangerously wrong.
Author: Agency Staff
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.
Facebook showed that its business can weather all kinds of regulatory scrutiny – as long as people keep flocking to Facebook.
Samsung Electronics will begin selling its Galaxy Fold in September, resurrecting a device it pulled months ago after early reviewers reported defects in the gadget’s much-touted flexible screen.
A financial crisis confronting South Africa’s state power utility has become a national debt problem.
South Africa’s annual inflation rate was unchanged at 4.5% in June, staying where the central bank wants the rate anchored.
South Africa may increase its borrowing plans following the latest bailout announced for struggling state-owned power utility Eskom, finance minister Tito Mboweni told MPs on Tuesday.
Huawei quickened revenue growth to roughly 30% in the first half after select teams secured critical supplies to keep production going despite US technology export restrictions.
The UK government is intervening in the $3.4-billion sale of satellite operator Inmarsat to a group of funds on national security grounds.
Karen Breytenbach, who oversaw the expansion of South Africa’s privately owned renewable energy projects, said she was asked to vacate her job about nine months before her contract expires.