South Africa’s central bank won’t bail out the country’s troubled state-owned companies including power utility Eskom because it would fuel inflation, the governor, Lesetja Kganyago, said.
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It isn’t difficult to find the main culprit behind South Africa’s biggest economic contraction in a decade: Eskom, the state-monopoly power provider.
Standard Bank has announced the full list of branches that have been or will be closed, as part of the realignment of “its retail and business banking delivery model”.
South Africa’s economy contracted the most in a decade in the first quarter as the nation suffered the deepest power outages since 2008. The rand dropped and banking shares slumped.
MTN Group’s biggest shareholder is pushing for changes at Africa’s largest mobile phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.
Apple has debuted a new Mac Pro desktop computer after several years of professional users complaining about the current version. But if you want one, prepare to mortgage your house.
Join TechCentral for a live YouTube discussion with VALR.com co-founder Farzam Ehsani on Tuesday, 4 June, at 11am – and pose any questions you may have for him.
The GSMA, a lobby group for the world’s mobile operators, has warned South Africa against implementing a poorly designed spectrum auction, saying such an auction could fail if not done properly.
Uber will ban riders in South Africa with “persistently bad feedback”, the ride-hailing giant said on Monday.
Apple has confirmed it will replace the iTunes service in its current form, as it splits the software across three apps.