Consumers will face much higher prices unless the government urgently finds solutions to the power cuts that are crippling the economy, an industry group has warned.
Author: Nqobile Dludla
President Cyril Ramaphosa will no longer attend the World Economic Forum in Davos due to the ongoing energy crisis.
Telkom is to rein in spending to cope with rising costs after reporting a 17.9% fall in half-year core profit.
Vodacom Group’s half-year headline earnings fell 9.5% due to start-up losses in Ethiopia and higher finance costs.
Cinema group Ster-Kinekor has exited business rescue after nearly two years, its administrator said on Friday.
Vodacom moved a step closer to a considerable expansion of its fibre footprint after Icasa approved the transfer of Dark Fibre Africa’s licences.
Takealot Group is pushing further into townships and growing its new grocery partnership to defend its market share, its CEO said.
The strategy is to build Massmart into a force able to see off its brick and mortar rivals and then win a looming battle against Amazon.
Eskom will reduce planned power cuts this week after sufficient progress was made in replenishing emergency generation reserves.
MTN Group has raised R2.5-billion in three bonds as a way of lengthening its debt maturity profile, the mobile operator said on Friday.