Author: Staff Reporter

Eskom will implement stage-4 load shedding on Thursday as it struggles with increased demand due to colder weather and plant breakdowns.

TymeBank on Wednesday announced that it is acquiring Retail Capital, a fintech company that offers finance to SMEs.

Eskom will implement load shedding at stage 2 from 4pm on Wednesday and Thursday.

South Africa could be plunged back into load shedding later on Tuesday after only a brief respite from the rolling power cuts that plagued the country through much of July.

MTN Group said it expects headline earnings per share to jump by between 40% and 50% in the six months to 30 June 2022.

Eskom on Friday unveiled the names of the successful bidders for the supply of battery storage solutions under its “flagship” battery energy storage system project.

Shoprite Group is taking its pet food and supplies brand, Petshop Science, online as brick-and-mortar retailers increasingly focus on omnichannel sales.

Eskom has welcomed President Cyril Ramaphosa’s efforts to liberalise the energy sector, saying it will give the utility the space to increase maintenance.

MetroFibre Networx is continuing its aggressive fundraising drive: the company has now secured a R5-billion debt financing package from Standard Bank Group.

President Cyril Ramaphosa addressed the nation on Monday evening about the energy supply crisis in South Africa and government’s plans to address the problem.