South African blockchain-based renewable energy start-up Sun Exchange has raised R50-million from a company backed by one of the country’s richest businessmen.
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Pele Green Energy plans to expand its wind and solar projects in Africa after raising capital with the help of Investec, the South African and UK specialist bank.
Life Healthcare said on Tuesday that its Southern African operation was hit by a cyberattack affecting its admissions systems, business processing systems and e-mail servers.
South Africa’s programme to halt the coronavirus is being thwarted by a global shortage of tests and a lack of capacity to process those that have been administered.
MTN Group shares fell slightly on Monday after reports emerged that it was facing further claims in a US court that it paid protection money to terrorist groups in Afghanistan.
Eskom has demanded that consultancy PwC repay it R95-million, alleging the money was disbursed under an invalid contract. PwC has denied the allegation.
Ghana will implement a set of policies to reduce the dominance of MTN in the country’s telecommunications market, the government has said in a statement.
South African banks face the steepest earnings slump in half a century – with some posting losses – as measures to curb the coronavirus drag the economy deeper into recession.
Asset manager Ninety One has launched a R10-billion fund, in partnership with a private equity firm, that will target investments in South African businesses struggling due to the coronavirus outbreak.
In many African countries, measures put in place to slow the spread of Covid-19 have made it harder for people to access affordable, nutritious foods. Tech entrepreneurs are stepping into the breach.