Eskom said on Wednesday that it will implement stage-3 rotational load shedding with effect from 1pm, a dramatic escalation in the rolling blackouts that are paralysing the economy.
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South Africa should speed up its vaccination programme and implement economic reforms to avoid further damage after virus restrictions pushed business confidence to a 35-year low in 2020, according to a local commerce group.
Wet coal aside, Eskom’s immediate outlook for its available generation capacity is much improved from a month ago. However, the longer-term outlook does not look encouraging.
MTN Group said on Tuesday that it has agreed to sell its 20% shareholding in BICS – formerly Belgacom International Carrier Services – to Proximus Group in a transaction worth R1.8-billion.
Apple’s iPhone 12 mini sales are a tiny fraction of overall sales, indicating signs of muted demand for the new, smaller version of its flagship device and a demand among consumers for bigger handsets.
Load shedding is back, this time in the middle of the week, as Eskom struggles with supply problems. The power interruptions are set to start at 10pm on Tuesday and will run until 5am on Wednesday.
Apple has a “clear opportunity” to offer a buying and selling mechanism for cryptocurrencies, according to a research report on Monday from RBC Capital Markets.
Tesla said on Monday it had invested about $1.5-billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future. The cryptocurrency surged to a new record high.
Telkom’s mobile business is still flying. In a financial update for the nine months to end-December 2020, published on Monday, the company said service revenue from mobile soared by more than 40% year on year.
Shares in Mustek leapt by more than 13% on Monday after it told shareholders that its headline earnings per share would more than double in the six months ended 31 December 2020.