Estimates of the blackouts’ toll range from R1-billion to R5-billion/day. They could also cost South Africa its last investment-grade credit rating from Moody’s Investors Service.
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Cabinet has approved the promulgation of the Integrated Resource Plan (IRP2019), which provides a blueprint for South Africa’s envisaged energy mix.
Apple on Wednesday said that 55% of iPhones introduced in the past four years are running iOS 13, the latest version of the company’s mobile operating system.
IBM reported third quarter revenue that missed Wall Street estimates, with the long-awaited revenue infusion from Red Hat failing to compensate for continued declines in other parts of its business.
Netflix delivered enough good news on Wednesday to allay concerns about looming competition from Walt Disney and Apple.
South Africa’s struggling state-owned power utility said it will implement a second day of controlled blackouts to prevent a total collapse of the electricity grid amid a shortage of capacity.
The world land speed record of 1 228km/h is under threat. The Bloodhound LSR car has arrived at Hakskeenpan in the Northern Cape and will now run tests.
Shareholders of 4Sight Holdings have demanded an explanation as to why a special meeting, which took place on 11 October to remove and appoint directors, was “improperly” and “unlawfully” adjourned.
Amazon Web Services said on Wednesday that Old Mutual has struck a wide-ranging deal with the South African financial services group to shift a large portion of its IT workload to the cloud.
Eskom implemented power cuts on Wednesday amid maintenance problems. The rand weakened as investors fretted about the effect on economic growth.