South Africa’s electricity crisis is costing the economy as much as R899-million/day, according to central bank estimates.
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A floating electricity price would help to alleviate the chronic shortage of power in South Africa.
South Africa’s biggest business group urged President Cyril Ramaphosa to use an upcoming cabinet reshuffle to improve government’s performance.
MTN Group said a R13-billion tax bill it received from the Ghanaian government has been scrapped.
With the music industry still adjusting to disruptions caused by the Internet and streaming services, along comes artificial intelligence to shake things up again.
Two East Asian companies have built more robust businesses and their scale now threatens to bury the competition.
Raymond Ndlovu will step down as CEO of Remgro-controlled CIVH, the parent of Vumatel and Dark Fibre Africa, at the end of March.
The 155MW, R4-billion project by Seriti Green will provide electricity for coal mining operations in Mpumalanga.
Nokia has been selected by Liquid Intelligent Technologies to deploy a next-generation optical transport network connecting a vast swathe of East and Southern Africa.
The measure will undermine spending controls and isn’t the solution to South Afric’s energy crisis, they say.