Eskom has made “key” progress in restructuring the operations of the business, with the power utility committed to meeting the “ambitious” unbundling target date of 2021.
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Vodacom Group has moved to simplify its structure, creating a standalone South African operation and appointing an MD, a newly created role that will be filled by Vodafone executive Balesh Sharma.
The Competition Commission on Thursday said it has given its conditional approval for an entity called Gatsby SPV to acquire “certain aspects” of Cell C.
Eskom CEO André de Ruyter said on Thursday the state power utility could become financially viable and do without government bailouts if it could more than halve its debt to R200-billion.
Ethiopia is pushing ahead with plans to sell two new telecommunications licences following delays due to the coronavirus outbreak and postponed elections.
Cape Town said it could buy its own renewable energy within five to six years if it wins a court case against the government.
The planned recapitalisation of Cell C, believed to involve the Buffet Consortium and other investors, has been finalised, though details are only expected to be made public next month, TechCentral has learnt.
Naspers has agreed to invest R100-million in South African agriculture-technology start-up Aerobotics, which uses artificial intelligence and drone and satellite imagery to help farmers manage crop health and predict crop yields.
Naspers-backed cryptocurrency platform Luno is in talks about expanding in Kenya and Ghana to extend its African footprint, as bitcoin rallies 99% over the past two months amid the coronavirus pandemic.
The rate of new coronavirus infections in South Africa has to slow before the country can lift a nationwide lockdown in line with World Health Organisation guidelines, health minister Zweli Mkhize said.