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The telecommunications operator has reported a poor set of interim results for the six months to end-September 2022.

Telkom is to rein in spending to cope with rising costs after reporting a 17.9% fall in half-year core profit.

Profitability decreased due to higher fuel surcharges, investments in new warehouses and discounted clearance of inventory, parent Naspers said.

Interim profit slipped 93% as the technology investor increased funding of its businesses and took a knock from Tencent.

Telkom’s chairman, Sello Moloko, has resigned and will leave the board by no later than 31 March 2023.

Africa’s largest clothing retailer is expanding rapidly in one of its newest segments – the sale of affordable mobile phones.

The iconic Wits Planetarium in Johannesburg is undergoing an extensive renovation to transform it into a “digital dome”.

Naspers shares were trading more than 5% lower on Tuesday after the JSE-listed technology investor warned about a big slide in earnings.

Elon Musk’s losses for 2022 topped $100-billion as shares of Tesla dropped to the lowest level in two years.

Government said it’s urgently seeking funds to buy diesel that’s needed to fuel some of Eskom’s power plants.