Author: Staff Reporter

Eskom warned that stage-2 load shedding will continue until the end of the week and is likely this weekend, too, and South Africans should get used to regular rolling blackouts for the next year and a half.

The Democratic Alliance has lambasted a government proposal to create a second state-owned electricity generation company in South Africa, labelling the plan “utter madness”.

Retail group Edcon is selling stationery retailer CNA to a consortium majority owned by JSE-listed Astoria Investments.

The South African Revenue Service wants to harness the latest in artificial intelligence technology, self-learning computers and Big Data as it struggles to meet revenue-collection targets.

The communications regulator has received more than 40 written submissions on the licensing of broadband spectrum suitable for building 4G/LTE and 5G networks in South Africa.

Eskom will implement rolling blackouts until at least Thursday, the failing, government-owned electricity utility said on Sunday.

Rolling blackouts will return to South Africa on Thursday evening, Eskom said in a statement. The stage-2 load shedding will take place between 9pm and 6am on Friday.

Shares in the JSE-listed technology group plunged to levels last seen more than 10 years ago on Wednesday as investors continued to fret about its prospects.

Cell C has appointed two new non-executive directors, Sindi Zilwa and Mark Nelson-Smith, to its board, it said on Wednesday. The operator’s chief legal officer, Zahir Williams, is also joining the board.

JSE- and Nasdaq-listed technology company Net1 UEPS Technologies will sell its Korean payments processing business KSNet to Stonebridge Capital and Payletter for R3.5-billion.