The finances of Eskom, Transnet and other companies owned by South Africa’s government have deteriorated to such an extent that they now pose a significant risk to the nation’s finances, the auditor-general said.
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Foxconn Technology Group, the biggest assembler of Apple iPhones, aims to cut $2.9-billion from expenses in 2019 as it faces “a very difficult and competitive year”, according to an internal company memo.
Struggling power utility Eskom has extended its load shedding regime from four stages that allow up to 4GW of demand to be shed, or cut, to eight stages providing for up to 8GW to be shed.
Tech stocks are having another rough day with chip makers extending a three-session slide and many of the biggest tech and Internet names adding to Monday’s losses.
Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocking confidence in the nascent asset class.
South African start-up Jini Guru has launched a smartphone app and QR card to allow users to make micropayments electronically, to a car guard for example, without the need to carry cash.
Amazon may have been expecting lots of public attention when it announced where it would establish its new headquarters. But…
Uber rival Taxify said on Tuesday that it has expanded its South African operations to include the coastal towns of Plettenberg Bay, George, Knysna and Mossel Bay.
Each year, millions of people are left frustrated when their favourite e-commerce websites let them down. Yet there is no way for retailers to completely prevent system failures.
Apple shares dropped close to bear market territory on Monday on concern consumers are no longer clamouring for its cornerstone product, the iPhone.