Protests at some South African power stations amid deadlocked wage talks are stopping coal from getting to plants and threaten to force the country’s electricity provider to implement rolling blackouts.
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EOH and prospective black-owned equity partner Lebashe have amended their planned empowerment deal. Lebashe will now invest R1-billion in the JSE-listed technology services group.
After 18 months of false starts, it appears that Samsung is finally almost ready to launch its smartphone payments platform in South Africa.
Naspers is considering the listing of certain parts of its sprawling global media and technology business outside South Africa as the continent’s largest company by market value seeks to reduce its size.
Cell C appears to be stepping up to try to take market share from rival MTN by appealing to consumers hungry for cheap access to social media platforms.
Altron has taken another big step in shedding its legacy industrial assets as the JSE-listed technology group transforms into an ICT-focused business.
Standard Bank Group has allocated R10-billion to fund energy projects in South Africa as the continent’s largest lender by assets grows more confident in its home market and invests in riskier ventures.
Telkom CEO Sipho Maseko earned total remuneration of R27.2-million in the 2018 financial year to 31 March, up from R25.9-million a year ago.
Vodacom Group had a robust first quarter of its 2019 financial year, growing subscriber numbers year on year by 2.5 million – 1.5 million of which were in South Africa.
Netflix is having a laugh – apparently at the expensive of MultiChoice’s DStv. It has posted a video on its social media channels about the supposed difficulties involved in installing a satellite-based television service.