Denel has received a loan to pay its staff their full salaries this month, according to public enterprises minister Pravin Gordhan, giving the company a short-term reprieve from a cash crisis.
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Technology group Etion has reported a 108% slide in full-year headline earnings per share to a loss of 0.56c and has blamed the weak South African economy for the poor performance.
A meltdown at some of South Africa’s biggest state companies is intensifying, placing the nation’s finances at risk and frustrating President Cyril Ramaphosa’s efforts to attract new investment and resuscitate a moribund economy.
Telkom Group CEO Sipho Maseko has sold more than 112 000 shares in the telecommunications operator, bagging R10.8-million in the process.
The South African Revenue Service has encouraged taxpayers to submit income tax returns via e-filing or a new MobiApp when the tax season commences on 1 July.
State-owned arms manufacturer Denel said it doesn’t have enough cash to pay its staff their full salaries this month, joining other government-owned companies clamouring for support in South Africa.
TechCentral editor Duncan McLeod spoke to Naspers CEO Bob van Dijk about the group’s acquisition, through Naspers Foundry, of a stake in SweepSouth, the controversy over the group’s dual shareholding structure, and more.
Microsoft co-founder Bill Gates has said his “greatest mistake ever” was allowing Google’s Android, rather than his own company’s software, to become the world’s biggest mobile operating system.
The latest low-cost computer from the Raspberry Pi Foundation now comes with a Desktop Kit for the first time and hopes to challenge traditional PCs.
First National Bank and Capitec have tied for the title of South Africa’s best digital bank in research agency Columinate | Insight Consulting’s latest SITEisfaction survey.