Eskom implemented rotational blackouts on Thursday after it failed to return power generation units to the grid and after additional breakdowns overnight.
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President Cyril Ramaphosa is preparing to ease lockdown restrictions, including the possible scrapping of an alcohol sales ban, according to people familiar with the matter.
Eskom on Wednesday warned that rotational blackouts could return at any moment as its struggled to meet demand for electricity with 11GW in unplanned breakdowns in its generation fleet.
Chinese gaming and social media giant Tencent said second quarter net profit rose 37%, beating market estimates, on higher demand for its videogames as coronavirus-related lockdowns kept people indoors.
Bitcoin’s recent run higher has brought out a lot of old predictions – and some new ones – about the future of crypto prices.
Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the Covid-19 would lead to a flood of online orders.
Microsoft on Wednesday said the Surface Duo, its dual-screen smartphone powered by Android, will start at a price of $1 399 and arrive in stores from 10 September. It will not be sold in South Africa at launch.
Tesla on Tuesday announced a five-for-one stock split, sending the electric car maker’s recently high-flying shares up 7% in extended trade.
The R3.8-billion claim Eskom has made against former executives as well as former minister Mosebenzi Zwane and the Gupta brothers, is a matter of principle, CEO André de Ruyter said on Tuesday.
HMD Global, the maker of Nokia-branded smartphones, has secured $230-million of investment from partners including Google and Qualcomm to help accelerate its development of 5G devices.