Author: Staff Reporter

JSE-listed Ellies Electronics has decided to apply to the high court for the liquidation of its manufacturing subsidiary, Ellies Industries, which employs 148 people.

The Hawks have made a second arrest related to a fraud and corruption investigation at Cell C, the elite police crime-fighting unit said on Wednesday.

Eskom said on Wednesday that it will implement stage-3 rotational load shedding with effect from 1pm, a dramatic escalation in the rolling blackouts that are paralysing the economy.

Wet coal aside, Eskom’s immediate outlook for its available generation capacity is much improved from a month ago. However, the longer-term outlook does not look encouraging.

MTN Group said on Tuesday that it has agreed to sell its 20% shareholding in BICS – formerly Belgacom International Carrier Services – to Proximus Group in a transaction worth R1.8-billion.

Load shedding is back, this time in the middle of the week, as Eskom struggles with supply problems. The power interruptions are set to start at 10pm on Tuesday and will run until 5am on Wednesday.

Vodacom South Africa said on Monday that owners of Apple’s latest iPhone 12 smartphones can finally connect to the company 5G network.

City Power, Johannesburg’s municipal electricity supplier, has moved to a two-hour load-shedding schedule and announced changes to its load-shedding blocks – both implemented with immediate effect.

Eskom will implement stage-2 load shedding from midday on Friday, with the cuts expected to continue all weekend, as heavy rains impact the utility’s ability to burn coal.

IT services company Gijima said on Thursday that it has been given the green light by the Competition Commission to acquire rival T-Systems South Africa.