The financial distressed SABC failed to pay its employees on time this month, but the public broadcaster has said it’s not because it’s run out of money. Instead, it has blamed a “glitch” at its bank for the problem.
Browsing: Sections
Maria Ramos will retire as Absa Group CEO at the end of February, the financial services group said on Tuesday. Ramos has been at the helm for the past decade.
Listed technology group Adapt IT reported a slight decline in revenue and flat earnings in the six months ended 31 December 2018 as the weak South African economy took its toll.
The former UK deputy prime minister, hired by Facebook last year to lead the company’s lobbying efforts, used his first speech since taking the job to explain how it wants to repair its reputation and be accountable for its impact on society.
Apple iPhone users are being warned of a bug that allows eavesdropping on their devices through the FaceTime app.
Three media companies have collectively been fined tens of millions of rand for price fixing and the fixing of trading conditions. The Competition Commission wants the firms to cough up for their “cartel conduct”.
Bitcoin’s painful 2018 crash continues, with the original cryptocurrency touching the lowest in more than a month on Monday.
Semiconductor stocks fell in early trading on Monday after Nvidia cut its fourth-quarter revenue outlook, citing deteriorating macroeconomic conditions, particularly in China, along with weakness in its gaming and data centre divisions.
Eskom is facing a mounting repair bill at two new coal-fired power stations that are still under construction, compounding its already dire financial situation.
Samsung Electronics has announced it is to begin replacing plastic packaging materials with “environmentally sustainable elements”.