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Eskom chief operating officer Jan Oberholzer has warned that the current bout of load shedding could get worse if there are further plant breakdowns.

Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.

Vodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.

The rand fell in early trade on Monday amid subdued risk-taking as investors sought safety due to fears about global growth and the impact of load shedding.

Eskom will increase the level of load shedding for Monday and Tuesday because it lost more generation capacity over the weekend.

Eskom burned through more than 5.7 billion litres of diesel and kerosene in the past decade as it fought in vain to keep the lights on South Africa.

Elon Musk put his $44-billion deal for Twitter “temporarily on hold” on Friday while he awaits data on the proportion of its fake accounts, sending the shares in the social media platform plunging.

South Africa will need to attract investment of R224-billion if it’s to develop a substantial green hydrogen industry, the head of government’s climate finance task team said.

MTN South Africa grew its subscriber base by 7.1% at the end of March 2022, from a year ago, to reach 34.5 million subscribers.

MTN Group lifted first quarter pretax profit by 21.1% year on year, supported by service revenue growth amid demand for data and financial services.