President Cyril Ramaphosa cut short a trip abroad to deal with an escalating crisis at the state power company, as week-long blackouts threaten to tip the economy into recession.
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Batteries that don’t have time to recover fully and criminals taking advantage of power cuts are two of the factors making life difficult for South Africa’s mobile networks as rolling blackouts continue into a sixth day.
Just Eat has rejected Naspers spin-off Prosus’s higher bid saying that the latest offer still significantly undervalues the company.
Zimbabwe’s state-owned Zesa Holdings escalated power cuts to as long as 24 hours after losing regional power imports and local generation capacity remains critically constrained.
A new computer module created by Bosch can be used to turn any pair of glasses into smartglasses, the company has claimed.
South Africa’s state power company intensified rolling blackouts to a record, signalling a deepening crisis at the debt-ridden utility and raising the risk of a second recession in as many years.
Eskom has implemented stage-6 load shedding as the problems at the failed state-owned utility keep mounting.
South Africa’s flagging economy could face a second recession is as many years due to a new wave of nationwide power cuts.
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
The Internet Service Providers’ Association has criticised a proposal by the Law Reform Commission to require ISPs to block adult Web content, saying similar efforts have not worked elsewhere in the world.