Jeff Bezos is on a selling spree. Stock disposals by Amazon.com’s founder and CEO over the past week have reached 1.7 million shares, or $3.45-billion.
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Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed South African division in April, the latest step to bring the company’s operations on the continent under one roof.
Since their peak in 2016, shares in EOH – which describes itself as Africa’s largest technology service provider – have plunged by an eye-watering 97%. They have lost more than 50% in the value since 1 January alone.
South African Airways cut flights to nine international cities and all domestic services except Johannesburg to Cape Town as the embattled state-owned carrier scales back to stay in business.
Proposals to reorganise the R454-billion owed by Eskom are days away from completion, according to an official who’s overseen their formulation.
South African shares may have become too cheap for investors to ignore and Old Mutual Investment Group is among money managers seeing an increasing number of attractively valued shares.
The bold proposal by Cosatu to relieve Eskom of close to 60% of its debt using pension money may be presented by President Cyril Ramaphosa in next week’s state of the nation address.
Vodacom’s agreement with Liquid Telecom to roll out a national 5G network using the latter’s spectrum will entrench the dominance of the country’s biggest mobile operator, Telkom warned has warned.
Eskom warned that stage-2 load shedding will continue until the end of the week and is likely this weekend, too, and South Africans should get used to regular rolling blackouts for the next year and a half.
The Hawks in Port Shepstone, KwaZulu-Natal on Tuesday arrested three suspects on the N2 after they were found in possession of reportedly stolen cellphone network batteries.