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SAP has been ordered to pay a further R81.5-million for its complicity in corruption involving the department of water affairs & sanitation.

Cell C, for years saddled with unsustainable debt, is looking to a more hopeful future after reporting a R2-billion net loss for the six months ended 30 June.

Wiocc Group has secured a $30-million equity investment from the International Finance Corporation as it ramps up investment in fibre networks and data centres.

The state-owned utility, which is struggling with broken coal-fired power stations, said it will impose stage-3 power cuts on both Saturday and Sunday.

South Africa has banned Bain & Company from bidding for public-sector contracts for a decade over alleged corrupt and fraudulent practices.

Karpowership will re-file an application to the environment department in a bid to move its project forward at a time when South Africa is suffering its worst-ever power cuts.

Eskom’s worst-ever bout of load shedding will continue indefinitely at stage 4, instead of the previous mix of stage 3 and stage 4.

Alviva Holdings has hiked its dividend by 90% after reporting a strong full-year financial performance, boosted by the acquisition of Tarsus.

Ellies Holdings cautioned investors on Wednesday that it is in negotiations about potential acquisitions in the solar and renewable energy sectors.

Apple is backing off plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialise.