EOH Holdings CEO Stephen van Coller will hold a media conference on Tuesday morning at which he is expected to publish the findings of an ENSafrica investigation into alleged corruption in the group’s public sector contracts.
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South African online payments provider PayFast is ditching bitcoin as a payment method, saying the cryptocurrency has several “limitations and design flaws that make it an impractical substitute for cash”.
Vumatel has started rolling out fibre-to-the-home broadband in Mitchell’s Plain, while at the same time it is finally gearing up to begin a roll-out of fibre in the impoverished Johannesburg suburb of Alexandra.
A finding by the commission last week regarding MTN’s empowerment scheme’s contravention of the B-BBEE Act will have wide implications for similar schemes operated by other listed companies.
Bitcoin slumped in another large weekend move after US President Donald Trump’s criticism of cryptocurrencies late last week put the focus back on this year’s jump in prices.
While Nedbank CEO Mike Brown is optimistic, the government will have to make hard decisions, with the burden ultimately falling on the South African public to shoulder the bill.
“We don’t have another chance to do this again. We have to do this right,” interim CEO Douglas Craigie Stevenson said in an interview with TechCentral.
Eskom has only managed to meet peak demand with its own fleet on 49 of the 106 days between the most recent instance of load shedding on 23 March, and 7 July.
Eskom said pollution reduction equipment at its biggest operational plant hasn’t been working properly since early last year.
Amazon.com is developing a higher quality version of the Echo speaker and ramping up work on its home robot.