South Africa could face protests similar to those that toppled governments in Tunisia and Egypt in 2011, the head of a leading business lobby group warned.
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Lenovo Group reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years.
President Cyril Ramaphosa has defended his plans to appoint a minister of electricity in his office.
Communications minister Khumbudzo Ntshavheni said the cost to communicate in South Africa is “not decreasing at the pace that government wants”.
The SABC is Sentech’s biggest client. But that’s not stopping the state-owned signal distributor from formulating plans to compete with it.
The new electricity minister will assume full responsibility for overseeing all aspects of the country’s response to crippling power cuts, President Cyril Ramaphosa said.
Options could include merging the business with other operators or selling a stake in the company.
Digital insurance start-up Naked Insurance has raised $17-million in a series-B funding round led by development finance institutions.
The City of Cape Town’s decision to pay businesses and residents for excess power is a glimpse into South Africa’s energy future.
MTN Group will invest the equivalent of R18-billion in Ghana over the next five years after the government exempted its Ghanaian unit from tax claims.