Damage to a fibre cable knocked out big chunks of Telkom’s network on Tuesday, with the company appealing to affected customers for patience.
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Pick n Pay revealed on Tuesday that its on-demand online delivery app, Pick n Pay asap!, grew its sales by 300% in the year to February 2022.
Vodacom Group increased capital expenditure in its South African operation by more than 10% in the last year as it fought to regain network leadership from rival MTN.
Eskom lost another generating unit at the Kusile power station on Monday afternoon, forcing the state-owned utility to escalate load shedding to stage 4.
Altron has reported a 37.8% increase in headline earnings per share from continuing operations on the back of a 5.7% improvement in full-year revenue.
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.