Finance minister Tito Mboweni will have to find money to help the economy recover from its longest recession in three decades and bail out state companies in a budget that’s projected to record the biggest shortfall since 1914.
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South Africa’s only high-speed rail network is drawing up a multibillion-rand plan to expand outside Johannesburg and Pretoria, joining a potential bonanza of infrastructure projects.
Apple is planning updates to its AirPods earbuds next year, seeking to capitalise on the success of a product that has become an important source of growth.
Under the terms of the proposed transaction, existing airtime lenders will provide R4.25-billion in new super-senior debt secured by a significant portion of Cell C’s assets, excluding spectrum, according to sources.
Lobby group Business Leadership South Africa has listed key reforms it views as necessary to fast-track growth in a letter to finance minister Tito Mboweni before his medium-term budget policy statement next week.
Altron shares rallied more than 20% on Thursday after the technology services group reported solid interim results despite the Covid-19 pandemic and said it was proceeding with plans to list its Bytes UK business.
Altron has decided to move ahead with the planned listing of its Bytes UK subsidiary on the London Stock Exchange in an effort to unlock value for shareholders.
EOH Holdings expects to lose less money in the financial year ended 31 July 2020 compared to a year ago as the IT services group makes headway in cleaning up “legacy” issues.
Huawei introduced the Mate 40 smartphone series on Thursday, potentially its last major release powered by its self-designed Kirin chips.
Eskom chief operating officer Jan Oberholzer said on Thursday that the risk of load shedding will be significantly reduced after the completion of the reliability maintenance by September 2021.