One of South Africa’s highest-profile politicians is quitting Twitter, describing the social media site as an “evil platform” that has “degenerated into a platform for irrationality and mob-lynching”.
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Vodacom Group sees its African financial services business as a cornerstone of growth as the wireless carrier expands into products such as funeral insurance and loans of as little as $2.
Shares in software services company Adapt IT plunged 20% on Monday after it warned shareholders after markets closed on Friday that its interim earnings would take a beating.
While some generating units have returned to service, the possibility of load shedding for the rest of the week remains, said Eskom.
Teraco will complete work on the first phase of a massive new expansion to its data centre campus in Isando, east of Johannesburg, by the middle of the year and is looking to complete a second phase by year-end.
Adapt IT’s headline earnings per share for the six months ended 31 December 2019 will fall by as much as 51.7%, the software group said in a trading statement after markets closed in Johannesburg on Friday.
Eskom’s new boss has taken a first step to reduce the indebted South African power utility’s bloated wage bill while avoiding a potential clash with labour unions.
Stage-3 rotational load shedding will be implemented from 9am on Saturday until 5am on Monday, state-owned electricity utility Eskom said.
Just three months after Google launched its free public Wi-Fi initiative, known as Google Station, in South Africa, the Internet giant is backing out of the business worldwide.
Shares in technology distribution group Alviva Holdings tumbled more than 25% in intraday trading in Johannesburg on Friday after it shocked investors with a profit warning.