A technology holding company based in Stellenbosch is quietly building a portfolio of cutting-edge tech companies, some of which are now finding success in international markets.
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The current debilitating bout of crippling load shedding will end at 10pm on Friday evening, Eskom said, even as the utility warned that the systems remains “severely constrained”.
Google’s giant new submarine cable, Equiano, which will connect South Africa and Europe along Africa’s west coast, has been brought ashore in Nigeria.
Eskom said it remains on track to end load shedding by the weekend, and is hopeful that there won’t be any rolling power cuts next week.
The rand extended its week’s losses on Thursday, as severe power cuts and deadly floods weighed on the economic growth outlook.
The collapse of Netflix shares on Wednesday is the latest drastic sign that investors are abandoning streaming services and other pandemic winners.
Eskom CEO André de Ruyter has dismissed any suggestion that the South African power grid is in immediate danger of a total system blackout.
New research shows South Africans actively dislike telecoms operators, with the industry ranked last in net customer sentiment, below banking, insurance and retail.
Eskom will later on Wednesday reduce to stage 3 the current bout of severe load shedding that is crippling South Africa’s economy.
Karpowership is expanding its generation capacity by 50% to tap global demand even as it struggles to get projects going in potentially its biggest market.