Bank Zero has announced its account pricing as it edges closer to launch. The digital-only bank says “basic banking should be free and extras should be paid for – not the other way round”.
Author: Hilton Tarrant
There is a perception that load shedding would be far worse were it not for the disruption wrought by the Covid-19 pandemic and lockdown. It’s a myth. By Hilton Tarrant.
Compare the draft regulations leaked over the weekend to the original “framework for sectors” published for comment and it’s clear that these are level 3 in name only; we’ve all but skipped right to level 2.
Mango will halt all flights to and from Lanseria at the end of March 2020. This comes as parent SAA will cease all domestic flights with the exception of a limited service to Cape Town at the end of February.
Eskom recently attempted to ensure that there would be no load shedding during the morning peak of 6am to 9am. There are a number of problems with this short-lived plan.
Eskom has admitted it has a solution to its highly unreliable ageing fleet of coal power stations. This time, however, the plan is not the clichéd definition of insanity (which seems to have been the plan over much of the last decade).
Eskom’s generating plant breakdowns took out a stratospheric 15.9GW on Saturday at 6.30am, the highest level yet, which means an astonishing 40% of its coal fleet of around 40GW was offline.
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
On paper at least, an acquisition of Cell C by Telkom makes sense. But Cell C is arguably in worse shape today than it was two years ago when Telkom tried and failed. By Hilton Tarrant.
In the past year, Telkom lost 186 141 copper broadband lines but only gained 55 577 fibre connections. This has caused tremendous pressure on its revenue line.