The financial distressed SABC failed to pay its employees on time this month, but the public broadcaster has said it’s not because it’s run out of money. Instead, it has blamed a “glitch” at its bank for the problem.
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Maria Ramos will retire as Absa Group CEO at the end of February, the financial services group said on Tuesday. Ramos has been at the helm for the past decade.
Listed technology group Adapt IT reported a slight decline in revenue and flat earnings in the six months ended 31 December 2018 as the weak South African economy took its toll.
US prosecutors filed criminal charges against Huawei, China’s largest technology company, alleging it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran.
Three media companies have collectively been fined tens of millions of rand for price fixing and the fixing of trading conditions. The Competition Commission wants the firms to cough up for their “cartel conduct”.
Bitcoin’s painful 2018 crash continues, with the original cryptocurrency touching the lowest in more than a month on Monday.
Eskom is facing a mounting repair bill at two new coal-fired power stations that are still under construction, compounding its already dire financial situation.
Samsung Electronics has announced it is to begin replacing plastic packaging materials with “environmentally sustainable elements”.
Worldwide IT spending is set to reach almost US$3.8-trillion in 2019, according to new research from analyst firm Gartner. This is a 3.2% increase over spending in 2018.
A flexible material that converts radio signals into usable electric current raises the prospect of a world without batteries.