While big technology shares in the US have continued to hit new highs in 2020 – among them, Microsoft, Apple, Amazon, Google and Nvidia – JSE-listed IT companies have had a torrid start to the new decade.
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Government still has to make a decision on the future of e-tolls. finance minister Tito Mboweni failed to mention e-tolls in his budget speech on Wednesday.
Microsoft has become the latest technology giant to reduce its quarterly outlook based on the outbreak of a novel coronavirus that’s slowing production of computers.
Nokia is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said.
An exoplanet more than double the size of Earth could potentially be habitable, astronomers have found.
South Africa will use money from the sale of broadband spectrum and mining royalties to establish a R30-billion sovereign wealth fund, finance minister Tito Mboweni said.
The SABC is expected to get the remaining R1.1-billion of its R3.2-billion bailout by the end of next month, national treasury said on Wednesday.
Finance minister Tito Mboweni will present the 2020 national budget in parliament on Wednesday, starting at 2pm. Watch the livestream of the minister’s speech here.
Haemorrhaging cash and drowning in debt, South Africa’s state power utility is trying to persuade the energy regulator to allow it to raise its prices to offset lower-than expected sales and unforeseen expenses.
A labour union is trying to prevent Telkom from continuing with a plan to cut as much as 20% of its workforce to cope with falling sales in its landline business and a weak South African economy.