Telkom CEO Sipho Maseko earned total remuneration of R23.2-million in the 2019 financial year, down from R27.2-million in 2018, mainly as a result of fewer shares that vested to him in the period.
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The only fair and sensible approach is to immediately suspend e-tolling in Gauteng and reimburse consumers who have paid e-tolls since 2013, says the Automobile Association.
Finance minister Tito Mboweni says government borrowing will surge and taxes may rise to fund the troubled Eskom. Yet no plan has been announced to restructure the overstaffed company.
Naspers said on Thursday that it’s leading a new investment round, worth $30-million, in Polish-founded peer-to-peer learning community Brainly. Other investors are Runa Capital and Manta Ray.
The ransomware attack that has crippled City Power’s IT systems holds valuable lessons for companies about disaster management and backup, a Swiss-based software specialist has said.
South Africa’s decision to more than double its financial support for Eskom is “credit negative” for the sovereign rating as it’s an additional drain on the budget, Moody’s Investors Service said.
Microsoft’s cloud-orientated productivity suite, Office 365, is now being delivered locally through the software giant’s new South African data centres.
City Power, which provides electricity to the City of Johannesburg, has been hit by a ransomware virus that has crippled its systems.
Vodacom reported a 1.2% year-on-year decline in service revenue in South Africa in the three months to end-June, with the company blaming new data regulations from Icasa and a switch in roaming partners.
Samsung Electronics will begin selling its Galaxy Fold in September, resurrecting a device it pulled months ago after early reviewers reported defects in the gadget’s much-touted flexible screen.