Eskom will implement rolling blackouts nationwide at stage 2 from 4pm on Monday, the state-owned utility said in a statement.
Author Staff Reporter
Cedric Miller, the chief financial officer at JSE-listed technology group Altron, has resigned. He will leave on 30 June, Altron told investors.
The City of Johannesburg plans to take over electricity distribution in part of the city from Eskom, a move that will be very costly for business, the Association of South African Chambers has warned.
At face value, Telkom reported good full-year numbers. However, there are some worrying signs hidden in the numbers.
Huge Group’s headline earnings per share for the year ended 28 February will fall by as much as 29.9% after accounting for charges related to share options for its three executive directors.
Eskom will implement rotational power blackouts beginning at 5pm on Wednesday after the state-owned electricity monopoly failed to bringing generating units back online.
MTN Group has partnered with the International Finance Corporation to train mobile money agents across South Africa to target unbanked and underbanked segments of the population.
There is a heightened risk of load shedding during the evening peak of 5pm to 10pm throughout the coming winter, Eskom warned on Tuesday.
Creditors remain in the dark as CNA battles to avoid business rescue.