The Turkish company seeking to supply 1.2GW of power to South Africa will get a decision on its application to proceed with the projects by 7 March.
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Eskom has promised some relief from the extreme load shedding it’s been imposing on South Africans over the past two weeks.
The South African Post Office plans to reduce its working hours and retrench employees in a bid to cut its wage bill.
Mr Price Group is rolling out backup power to all its stores, as the company’s chairman called the country’s current electricity shortage untenable.
The City of Johannesburg’s electricity supply company has warned it is running out of money to fix crucial infrastructure.
South Africa’s main stock exchange will probably continue haemorrhaging listings, the CEO of A2X said in an interview.
New shares will be offered in the ratio of 227 rights offer shares for every 100 ordinary shares held, the IT services group said.
Load shedding is proving to be a hugely expensive problem for South Africa’s mobile operators.
Microsoft plans eliminate 10 000 jobs and take a $1.2-billion charge as its cloud computing customers dissect their spending.
The most severe power cuts ever experienced in South Africa are threatening food and water supplies and disrupting the lives of millions of people.