Tesla CEO Elon Musk unloaded $5-billion of stock in the electric car maker, shortly after holding a poll on Twitter over whether he should sell 10% of his stake.
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Key government ministers have reached a broad agreement to sell some of Eskom’s coal-fired power plants to help reduce its debt burden, finance minister Enoch Godongwana said.
Bolt, a rival of Uber’s ride-sharing and food delivery business, plans to focus on Europe and Africa for now, CEO Markus Villig said.
An unnamed investor has proposed stumping up $5-million for a 51% stake in the company, provided criminal proceedings against the Cajees are dropped.
Sony has reduced its PlayStation 5 production outlook for this fiscal year due to component and logistics constraints.
Following a meeting with the CEOs of six of South Africa’s telecommunications infrastructure operators on Monday, Icasa is moving to license access to “provisional spectrum”.
Vodacom Group will acquire a co-controlling interest, along with Remgro and New GX Capital, in a new entity made up of assets including Vumatel and Dark Fibre Africa.
How did a temporary loss of imported electricity on Saturday plunge the country into stage-4 load shedding for an entire week?
Econet Group, the company founded by Zimbabwean tycoon Strive Masiyiwa, has announced the creation of a new entity that will hold many of the group’s assets.
Vodacom Group is entering North Africa for the first time, announcing on Wednesday that it will acquire Vodafone Egypt from parent Vodafone Group for R41-billion.