The PIC has dismissed the executive head of listed investments Fidelis Madavo for gross misconduct in the controversial R4.3-billion deal involving Ayo Technology Solutions.
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JSE-listed technology group Altron has appointed Mark Harris, a former MD of IBM South Africa, as the new permanent MD of its Altron Nexus subsidiary following a tumultuous period for the business.
Seacom, said on Monday that it has reached an agreement with India’s Tata Communications to offer high-speed connectivity between Africa, Europe and Asia.
Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts weighed on confidence.
Fuel prices will come down by between 19c and 54c/l this week. The department of mineral resources & energy has announced a 19c decrease in the price of 93 (ULP and LRP) and 95 (ULP and LRP) as of Wednesday.
Eskom is making preparations for a 3GW gas-fired plant, but the debt-stricken utility is still awaiting formal guidelines from the government before it can proceed with the project.
Though there is “significant doubt” over Cell C’s ability to continue as a going concern, the mobile operator’s biggest shareholder, Blue Label Telecoms, said on Friday that “management believes it is more likely than not” that the company will survive.
The rand is suffering its worst start to the year against the dollar since the global financial crisis of 2008, and it’s not about to get any better in March, if history is any guide.
The leadership of the ANC called an emergency meeting to discuss the government’s plans to curb its wage bill – a move that has angered its trade union allies.
While big technology shares in the US have continued to hit new highs in 2020 – among them, Microsoft, Apple, Amazon, Google and Nvidia – JSE-listed IT companies have had a torrid start to the new decade.