Eskom expects to launch its turnaround strategy in 2019 after at least two delays of its much-anticipated recovery plan, as power cuts blanket the nation.
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Naspers has its sights set on acquisitions as it targets “significant investments” for its $10-billion cash pile in the next couple of months, chief financial officer Basil Sgourdos said.
Naspers first-half earnings climbed 39% as it made further progress in turning a profit at its myriad Internet businesses, it said on Friday.
Netflix and other streaming video providers may be a long-term threat to MultiChoice, but the pay-television operator isn’t seeing too much of a challenge just yet, an analysis of the latest financial numbers from parent Naspers suggests.
Eskom’s warning that the country was threatened by months of rotating blackouts became a reality in less than 24 hours.
EOH Holdings said on Friday that it has appointed Megan Pydigadu as its new group financial director, replacing the long-serving John King, who is stepping down.
Eskom will cut 2GW of supply from the national grid because it lost additional generating units overnight.
Facebook chief operating officer Sheryl Sandberg told employees to investigate financial dealings by George Soros, the billionaire who criticised the company at the World Economic Forum in Davos in January.
The iPad has never undergone as dramatic a transformation as it has for the new iPad Pro, which completely rethinks not only the tablet’s form factor but how users interact with it on most levels.
America’s next moon landing will be made by private companies, not Nasa. Nasa administrator Jim Bridenstine announced on Thursday that nine US companies will compete in delivering experiments to the lunar surface.