Earnings are up, margins are stabilising and there is a ruthless approach to cutting additional costs out of the business. A recharged Cell C is being built that creates value for its stakeholders.
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Since their peak in 2016, shares in EOH – which describes itself as Africa’s largest technology service provider – have plunged by an eye-watering 97%. They have lost more than 50% in the value since 1 January alone.
South African Airways cut flights to nine international cities and all domestic services except Johannesburg to Cape Town as the embattled state-owned carrier scales back to stay in business.
Proposals to reorganise the R454-billion owed by Eskom are days away from completion, according to an official who’s overseen their formulation.
South African shares may have become too cheap for investors to ignore and Old Mutual Investment Group is among money managers seeing an increasing number of attractively valued shares.
The bold proposal by Cosatu to relieve Eskom of close to 60% of its debt using pension money may be presented by President Cyril Ramaphosa in next week’s state of the nation address.
Huawei Technologies has filed two patent infringement lawsuits against Verizon Communications following an apparent failure to agree licensing terms for the use of its intellectual property.
Twitter CEO Jack Dorsey said the social network is “learning faster” and “prioritising better” as it achieved US$1-billion in quarterly revenue for the first time.
Vodacom’s agreement with Liquid Telecom to roll out a national 5G network using the latter’s spectrum will entrench the dominance of the country’s biggest mobile operator, Telkom warned has warned.
Eskom warned that stage-2 load shedding will continue until the end of the week and is likely this weekend, too, and South Africans should get used to regular rolling blackouts for the next year and a half.