Massmart plans to close the 23-store DionWired chain of hi-tech appliance shops as well as 11 Masscash wholesale outlets, a spokesman said by phone on Monday.
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Retail group Massmart Group, whose assets include Makro, Game and DionWired, warned on Monday that it’s likely to close a range of stores affecting the jobs of nearly 1 500 employees.
Shares in Telkom have rocketed more than 21% since reaching a multi-year low in intraday trading last Thursday, signalling that investors believe the sell-off was overdone.
PC users running Windows 7 have been warned to upgrade to avoid possible cyberattacks as support for the software ends this week.
In some rare good news for MTN Group, Nigeria’s attorney-general has withdrawn a $2-billion (R28.5-billion) tax demand against its subsidiary in the West African nation.
The chairman of Eskom resigned from his post after the power utility resumed rolling blackouts earlier than expected in 2020.
A robotic shark and dancing humanoid robots are among the more unusual gadgets on show at technology conference CES, offering…
In a statement on Friday morning, Eskom announced that it would stop stage-2 load shedding at 6am and would implement stage 1 until 11pm instead.
Telkom fell through R30/share on Thursday as the six-month-long slide in its share price – which has now wiped out more than 70% of its market value – continues.
The World Bank is the first key institution to cut its economic growth forecast for South Africa to below 1% for 2020 due to electricity supply concerns.