Author: Editor

Eskom has suspended load shedding, with effect from midday on Friday, after restoring generation capacity sufficiently to meet customer demand. In a statement, the state-owned electricity utility said its teams had successfully returned to service a generation unit each at the Duvha, Medupi, Kendal, Kriel and Kusile power stations. “Although we have lost units at Tutuka, Camden and Hendrina power stations, we have managed to adequately replenish emergency reserves,” it said. Over the long weekend, Eskom will take the opportunity of anticipated lower demand for electricity to conduct short-term maintenance and further replenish emergency reserves to be ready for the…

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Bitcoin consolidated around US$60 000 on Monday, taking a breather from the weekend’s record high as investors prepared for inflation worries and US stimulus spending to propel it even higher. The world’s most popular cryptocurrency slipped as low as $58 956.90 early in the Asian session, falling from Saturday’s record high of $61 781.83. The rally may have been dampened by a Reuters report that India would pursue a ban on digital assets, a rain cloud for bitcoin following high-profile endorsements this year from the likes of Tesla’s Elon Musk, Twitter’s Jack Dorsey, and investment giants Goldman Sachs and BlackRock. Investment by institutional…

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HP, the printing and PC devices company spun out of Hewlett-Packard, has appointed Bradley Pulford as its new vice president and MD for the Africa region with immediate effect.

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Oil forecasters have had the same long-term challenge for decades: figuring out how much of the world’s liquid hydrocarbons will be in demand years into the future, and where, and in what mix of products and uses. And for decades, the long-term view has been pretty much consistent: in aggregate, global demand increases as the economy and population grow. Near-term lines are jagged (current oil demand is more than 10 million barrels per day lower than it was a year ago, thanks to Covid-19); long-term lines are smooth and moving up. There’s something different, though, in the two most recent…

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Google unveiled cheaper Pixel smartphones on Tuesday after the company’s line of premium handsets failed to sell in large numbers. Slower processors and cheaper materials helped Google price the Pixel 3a with a 5.6-inch screen at US$399. The larger Pixel 3a XL has a 6-inch screen and costs $479. That’s roughly half the price of the company’s existing Pixel phones, before recent discounts. The search giant announced the new phones at its I/O conference in Mountain View, California. This is the latest effort by Google to jump-start a consumer hardware business that has struggled to compete with industry giants Apple…

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