Missteps helped drive shares of Nokia in its current form close to their all-time lows as a multiple of expected earnings. Its new CEO, Pekka Lundmark, is tasked with the difficult job of returning it to prosperity.
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Seacom, said on Monday that it has reached an agreement with India’s Tata Communications to offer high-speed connectivity between Africa, Europe and Asia.
Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts weighed on confidence.
Fuel prices will come down by between 19c and 54c/l this week. The department of mineral resources & energy has announced a 19c decrease in the price of 93 (ULP and LRP) and 95 (ULP and LRP) as of Wednesday.
Mathematical modelling can be used to show that increasing tariffs, which encourages consumers to invest in alternative energy supplies, puts Eskom at risk.
Eskom is making preparations for a 3GW gas-fired plant, but the debt-stricken utility is still awaiting formal guidelines from the government before it can proceed with the project.
Apple CEO Tim Cook suggested the iPhone maker wouldn’t make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a “temporary condition”.
Though there is “significant doubt” over Cell C’s ability to continue as a going concern, the mobile operator’s biggest shareholder, Blue Label Telecoms, said on Friday that “management believes it is more likely than not” that the company will survive.
Facebook cancelled its annual F8 Developer Conference over concerns about Covid-19, commonly referred to as the coronavirus, according to a blog post from the company.
The leadership of the ANC called an emergency meeting to discuss the government’s plans to curb its wage bill – a move that has angered its trade union allies.