South Africa has announced eight preferred bidders to provide emergency power as the state-run electricity monopoly continues to implement rolling blackouts that are weighing on the economy.
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Eskom said late on Wednesday evening that it will suspend load shedding on Thursday between 10am and 2pm “to allow the nation to mourn the passing” of Zulu King Goodwill Zwelithini.
It’s certainly not at the same scale as a Tesla or a MicroStrategy, but some privately held South African firms have started converting a portion of their cash holdings into cryptocurrencies like bitcoin.
Pick n Pay can expect some competition from rival Shoprite when it comes to offering a mobile data and voice service.
Broadcasters, working with the ministry of communications & digital technologies, have begun switching off analogue terrestrial television transmitters in the Free State.
Communications regulator Icasa will pursue a legal appeal against a high court judgment that slammed the brakes on the spectrum auction. But has also said it is open to an out-of-court agreement.
Huge Group CEO James Herbst on Tuesday rubbished a claim that the company used its share buyback programme to manipulate its share price higher ahead of its bid to acquire Adapt IT.
Over the next five years, Eskom is expected to have an electricity supply shortage of 4GW. However the shortfall could increase as the economy grows, according to the power utility’s chief executive, André de Ruyter.
Fintech company Flutterwave has teamed up with US payments giant PayPal to enable PayPal customers to pay African merchants through its platform, the Africa-focused payments firm said on Tuesday.
Mr Price said on Monday that it has reached an agreement to buy 100% of Yuppiechef, an “omnichannel” retail business focused on kitchenware, for about R470-million in cash.