A fallout between top executives at Eskom took a new turn, with the utility’s CEO accusing its now-suspended chief procurement officer of facilitating R8-billion of deals with a company suspected of fraud.
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Health minister Zweli Mkhize has announced that the second phase of the country’s vaccination roll-out will begin on 17 May.
Investors in Naspers said on Thursday they want proceeds from a $14.7-billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions or a share buyback.
South Africa’s communications regulator, Icasa, has signed a memorandum of understanding with the US Federal Communications Commission that will see the two regulators collaborate and share ideas.
Crypto exchange iCE3 said it had been “advised to initiate liquidation proceedings” after suspending all trading on the exchange in March following the discovery of account discrepancies.
Shares of Tencent Holdings dropped in Hong Kong after Naspers unit Prosus priced its placement of the Chinese Internet giant’s stock at the top end of a marketed range, raising $14.7-billion.
Absa Group said on Thursday that it is launching a skills incubator in partnership with Amazon Web Services to train employees in cloud computing skills.
An oil blending and storage company secured deals to supply Eskom with fuel oil worth more than R15-billion at inflated prices by paying inducements, including donations to the ANC, an investigation has found.
Huge Group’s effort to acquire Adapt IT appears to be dead in the water. This is after Canada’s Volaris Group offered shareholders R6.50/share in cash on Wednesday for the JSE-listed software services group.
Naspers spin-off, technology investment company Prosus, plans to sell a 2% stake in China’s Tencent, worth about R218-billion at current prices, in an accelerated offering to institutional investors.