Shares in MTN Group took a smack on Monday after it said it was facing a R13-billion claim from Ghana’s tax authority.
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President Cyril Ramaphosa will no longer attend the World Economic Forum in Davos due to the ongoing energy crisis.
Bitcoin has bolted out of January’s starting gates with a climb of more than 28%.
MTN Group has encountered significant turbulence in one of its more important markets, Ghana, with tax authorities there claiming they are owed billions in unpaid taxes.
Eskom said on Friday that reducing load shedding, currently being implemented at stage 6, is its “highest priority”.
The Chinese Internet giant hopes it can turn Channels into the next WeChat Pay, but competing with TikTok won’t be easy.
Illicit use of cryptocurrencies hit a record last year as transactions involving companies targeted by US sanctions skyrocketed.
Nersa has approved a 33.77% increase in Eskom’s electricity tariffs over the next two years, starting with a whopping increase of 18.65% this April.
Government will take on a portion of Eskom’s debt in a staggered manner to avoid a spike in the country’s debt-to-GDP ratio.
The minister of international relations & cooperation has said repeated breakdown of power plants could be seen as an attack on the country.