Finance minister Pravin Gordhan has fired “the political equivalent of a bazooka” at Eskom CEO Brian Molefe, Democratic Alliance MP David Maynier said on Monday after national treasury issued a statement saying that the state-owned power
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A few feathers were ruffled at the ordinarily calm Naspers annual general meeting of shareholders on Friday, causing a former director to walk out and suggest other shareholders follow and chairman Koos Bekker to threaten to evict an activist
South Africa has not had load shedding for nearly a year. This is a welcome development after years of power cuts that constrained economic growth. Electricity consumption has more or less flattened out, giving the national utility
South Africa’s Gupta family, which has been accused of using its friendship with President Jacob Zuma for gain, plans to sell all its South African business interests by the end of the year. The family is in talks with
MTN has announced plans for the introduction of its third black economic empowerment deal, valued at R9,9 billion, and it’s received a great deal of attention from investors and analysts alike. The proposed scheme will see the issue
Apple has hitched itself to music celebrities to pitch Apple Music, the US$10/month (South Africa: R59,99/month) digital service launched a year ago. There was the very public catering to Taylor Swift. Apple broke out its
Naspers is facing challenges from weaker African currencies and competition from US technology operators as the continent’s biggest company by market values tries to grow its Internet and pay-TV businesses. Foreign-exchange movements
In this extra-length edition of TalkCentral, Duncan McLeod and Regardt van der Berg chat about South Africa’s spectrum mess. Also this week, they talk about First National Bank’s decision to get into the
Communications minister Faith Muthambi has played down concerns of possible financial losses at the SABC. Earlier this year, the Sunday Times reported that an internal SABC document revealed that the broadcaster was expected
The Communication Workers Union (CWU) has applied for a court interdict against MTN over the company’s decision to outsource part of its call centre facility. The matter is scheduled to be heard on 31 August. MTN earlier said