The cost of propping up South Africa’s debt-stricken state power utility is mounting, placing severe pressure on the national budget and exacerbating the risk it poses to the nation’s finances.
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MTN Group shares fell in Johannesburg on Wednesday after it said subscribers in its key Nigerian unit grew by only 0.1% in the quarter ended 30 September and capital expenditure rose.
Samsung Electronics on Tuesday teased its next-generation Galaxy Fold design: a mini-clamshell phone that folds in from top to bottom, rather than the sides.
Worries about charging electric cars could become a thing of the past as a team of engineers say they have developed a battery that can recharge in 10 minutes.
The rand plummeted and bonds extended declines as investors faced the stark reality of what bailouts for the embattled state power utility will cost South Africa.
Blue Label Telecoms, which bought a 45% stake in Cell C in 2017 for R5.5-billion, has said in its annual report that it is “extremely disappointed” in the performance of the mobile operator.
South Africa has unveiled its long-awaited plan to save its debt-stricken state power utility, including exposing it to greater competition, lowering fuel costs, increasing renewable energy output and selling non-core assets.
South Africa is hopelessly ill-prepared for the move from Internet protocol version 4 to version 6, with IPv4 address space set to run out by as early as March 2020, the Internet Service Providers’ Association has warned.
Prosus has been accused of “selling down” and trying to depress the share price of its rival Takeaway.com in the fight to gain control of Just Eat.
Atlas Tower is selling its South African tower portfolio to shareholder SBA Communications for R2-billion.