The decision by the environment department to refuse environmental authorisations for Karpowership SA’s multibillion-rand energy deal is likely to be appealed.
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Dimension Data is near to concluding a deal to sell Internet service provider Mweb, but has taken the sale of another business it has deemed non-core, Merchants, off the table for now.
South Africa’s financial regulator says its hands are tied in the alleged $3.6-billion bitcoin fraud at Africrypt because cryptocurrency is not yet a regulated product there.
South Africa’s environment department said on Thursday that it had refused applications by Karpowership for environmental authorisations for three gas-to-power projects.
Price cuts at Vumatel, to be implemented from next week, are not a risk to parent CIVH’s balance sheet and are only likely to register as “blip” in the company’s long-term growth trajectory, CIVH CEO Raymond Ndlovu said.
CIVH, the Remgro-controlled parent of fibre players Dark Fibre Africa and Vumatel, remains interested in participating in government’s planned wholesale open-access network, according to its CEO.
When government announced it was bringing in outside shareholders to take a majority holding in South African Airways, there was a lot of chatter that it was now following the “Telkom model”. By Larry Claasen.
Even as Microsoft hovers around a $2-trillion valuation, it may avoid being included in a US antitrust bills aimed at big technology companies.
South Africa’s MTN Group and Chinese technology company ZTE have been accused in a US lawsuit of indirectly supporting an Iranian terrorist campaign that resulted in Americans being injured and killed in Iraq.
While thousands of investors were scrambling to find out what happened to funds they had invested in failed crypto scam MTI, a far bigger crypto disappearing act has been playing out.