Debt-stricken state power utility Eskom reported a record loss of R20.7-billion on Tuesday, highlighting the severity of the threat it poses to South Africa’s economy.
Author: Agency Staff
Eskom, South Africa’s biggest polluter, said emissions of particulate matter that cause chronic respiratory disease are at their highest level in two decades.
Huawei reported a 23% rise in revenue in the first half as the Chinese telecommunications giant withstood US efforts to curb its business.
Google’s cloud computing unit unveiled an expanded partnership with software maker VMware, as the Alphabet division seeks to catch up to rivals that have similar deals.
Uber Technologies said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.
South Africa’s unemployment rate rose to the highest level in at least 11 years in the second quarter as mining and finance shed jobs and more people were looking for employment.
Embattled state power utility Eskom will be temporarily led by Jabu Mabuza, its chairman, who will take over the roles of interim executive chairman and acting CEO starting from next month.
The state-owned power utility is set to announce its second consecutive multibillion-rand annual loss on Tuesday. The big question is, how many billions?
Foreigners are ditching South African assets at the fastest pace on record as concern mounts that the government will lose its last investment-grade rating.
Facebook’s “Like” button makes third-party websites responsible for processing people’s data under the European Union’s privacy rules, according to the EU’s top court.