Vodacom Group reported a 6.4% drop in full-year profit due to load shedding and operational activities.
Author: Promit Mukherjee
Absa Group said the combined impact of the worst power cuts in living memory and soaring interest rates has left SMEs and consumers at risk of default.
Interim profit slipped 93% as the technology investor increased funding of its businesses and took a knock from Tencent.
The Africa head of Ford said South Africa must deliver policy certainty on electric vehicles within six months to save its motor manufacturing industry.
The JSE is implementing measures to amend listing requirements for companies in order to attract more firms.
Absa is making a raft of changes to its top management position to refocus its strategy towards being more customer centric.
South Africa’s oldest private airline Comair will stop operations permanently after lawyers on Thursday filed an application to liquidate the company.
Eskom will increase the level of load shedding for Monday and Tuesday because it lost more generation capacity over the weekend.
South Africa’s efforts to wean itself off coal will require funding of more than R1-trillion by 2030, a top government official said on Tuesday.
Eskom will continue power cuts until 5am on Saturday after many of its power plant units broke down on Monday and are now under repair.