The R135-billion Medupi power plant won’t ever make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation, one of its funders said.
Browsing: News
All the latest technology news from South Africa and around the world.
Karpowership said some government agencies have stalled its projects and their conduct isn’t conducive to creating an attractive investment environment.
The Solana blockchain is back up and running after a software glitch caused an outage of more than four hours.
In a surprise development, Werner Kapp has stepped down as CEO of Dimension Data. He is being replaced in the role by Alan Turnley-Jones.
MultiChoice Group has dropped four e.tv channels from DStv after the Competition Tribunal ruled against e.tv parent eMedia in a dispute with the pay-television operator.
MTN Group has appointed Tim Pennington, until recently chief financial officer of Millicom International Cellular, to its board of directors.
Eskom has completed unit 4 at the Kusile power station, the long-delayed coal-fired power station, with the unit handed over to the company’s generation division on Tuesday.
MTN South Africa has completed its sale of its passive tower portfolio to IHS Towers.
The UK is considering guaranteeing at least $1-billion of South African debt as part of a deal designed to cut the nation’s reliance on coal.
Naspers, through its Naspers Foundry investment arm, is leading a R53-million series-A funding round in South African fintech start-up LifeCheq.