Unit 1 at the Koeberg nuclear power station near Cape Town tripped on Tuesday, forcing Eskom to implement stage-4 load shedding at short notice.
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A plan proposed by South Africa’s biggest labour group to get pension funds and state lenders to refinance part of the state power utility’s gargantuan debt faces hurdles that may be impossible to overcome.
Vodacom and the Competition Commission have reached a settlement agreement over data prices. The commission is holding a press conference in Pretoria to provide details of the deal.
An exhausted-looking Elon Musk said on Monday he’s unsure his rocket company SpaceX will accomplish its foundational mission – getting to Mars – before he dies.
MTN Group shares fell more than 12% on Monday morning in Johannesburg, to their lowest levels in nearly 14 years, as investors digested the news of a shock fall in oil prices overnight.
Fidelis Madavo says he’s being scapegoated in the corruption scandal that has gripped South Africa’s biggest money manager. And now he says there are documents to prove his contention.
Imperial, the JSE-listed logistics group, has partnered with early-stage venture capital firm Newtown Partners to launch a corporate venture capital fund focused on investing its start-ups in the logistics space.
Apple’s iPhone shipments plunged more than 60% last month, according to official Chinese data, as the coronavirus forced the US technology giant to close stores in the world’s largest smartphone market.
Cryptocurrencies are not immune to the gyrations rocking global markets, plunging along with a broad range of assets on Monday in the wake of the collapse in crude oil prices.
The rand plunged by almost 8% against the dollar on Monday as investors fled riskier assets, with tumbling oil prices adding to nervousness spurred by the spreading coronavirus.