Author: Staff Reporter

Fibre-to-the-home operator Octotel, which was recently acquired by emerging markets investment firm Actis, is boosting customer line speeds at no cost, it said on Friday.

Turnover at the entertainment chain peaked in the year to 31 August 2010 at R952-million. It closed all remaining stores at the end last month, after announcing the decision in January.

Cape Town-headquartered edtech specialist HyperionDev has secured more than R50-million in funding, some through private investments and some through public crowdfunding.

MTN Group said on Wednesday that it will deploy an OpenRAN network architecture across its operations in Africa, allowing interoperability between vendors and reducing costs.

Naspers spin-off Prosus has acquired a majority stake in GoodHabitz, a European provider of online training for businesses, for €212-million.

Shameel Joosub earned R55-million before tax in the 2021 financial year, a 26% increase on the previous year’s R43.4-million, according to a regulatory filing.

As Eskom shifted from stage 1 to stage 2 to stage 4 load shedding and then back to stage 2, then stage 3 this week, the impact on Johannesburg’s City Power grid has been chaotic.

Eskom will suspend load shedding at 8pm on Friday, but it will implement the rolling national blackouts at stage 1 on Saturday and Sunday evening “for a limited period”.

Eskom was forced to implement stage-4 load shedding at short notice on Wednesday, despite having cut the level of planned maintenance at its power stations to just 1.3GW.

Eskom is escalating load shedding to stage 4 on Wednesday, meaning it is cutting 4GW of supply from the grid, as it struggles with plant breakdowns.