Debt-stricken state power utility Eskom reported a record loss of R20.7-billion on Tuesday, highlighting the severity of the threat it poses to South Africa’s economy.
Browsing: Sections
Eskom, South Africa’s biggest polluter, said emissions of particulate matter that cause chronic respiratory disease are at their highest level in two decades.
South African payment service provider PayFast has been sold to Kenya’s DPO Group in a cash and shares deal. PayFast management, including MD Jonathan Smit, will become shareholders in the Nairobi-based company.
Huawei reported a 23% rise in revenue in the first half as the Chinese telecommunications giant withstood US efforts to curb its business.
Google’s cloud computing unit unveiled an expanded partnership with software maker VMware, as the Alphabet division seeks to catch up to rivals that have similar deals.
Uber Technologies said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.
There has been an alarming rise in incidents of battery theft from cellphone towers in South Africa and urgent action is needed to address the situation, MTN said on Monday.
Embattled state power utility Eskom will be temporarily led by Jabu Mabuza, its chairman, who will take over the roles of interim executive chairman and acting CEO starting from next month.
Hewlett Packard Enterprise has appointed President Ntuli as its new MD for South Africa, effective 1 August, it said on Monday.
The state-owned power utility is set to announce its second consecutive multibillion-rand annual loss on Tuesday. The big question is, how many billions?