Browsing: News

Telkom and Rain have emerged as the winners in the first round of South Africa’s radio frequency spectrum auction.

Telkom has asked the high court in Pretoria to impose a “structural or supervisory” interdict on communications regulator Icasa over spectrum licensing.

Prosus expects to write off the equivalent of R11.8-billion and has asked its directors on the board of social media platform VK to resign.

Eskom will continue power cuts until 5am on Saturday after many of its power plant units broke down on Monday and are now under repair.

Icasa will finally auction access to spectrum for mobile broadband services this week. But a looming court battle could still derail the allocation.

EOH Holdings will meet with investors in the coming days to assess its “strategic options” for dealing with its gearing problem.

Load shedding has struck again. Eskom will cut the power on a rolling basis across South Africa at stage 2 from 5pm on Monday afternoon.

Traders are adding bets on an outsized interest rate increase in South Africa later this month as the surge in the price of oil fuels inflation expectations.

Massmart has reported full-year results stained in red ink thanks in part to the impairment an SAP ERP system at troubled retailer Game.

Eskom has decided not to replace the steam generators at unit 2 of the Koeberg nuclear power station as planned this year over fears it could contribute to winter power cuts.