Apple is grappling with a shortage of vital chips that manage power consumption in iPhones and other devices, people with knowledge of the matter said, potentially threatening its ability to meet holiday demand.

A drive to shift South Africa’s electricity production to renewable energy is threatening as many as 120 000 jobs at coal mines and power plants that use the fuel, a research consultancy said.

South Africa’s weak economy and poor growth prospects have hidden the “phenomenal” potential for the shares in some locally focused companies to deliver returns for investors, according to Old Mutual Investment Group.

South African private sector activity expanded for the first time in 18 months in October as an easing of coronavirus restrictions continued to boost output and new sales, a survey showed on Wednesday.

JSE-listed telecommunications operator Telkom said on Tuesday that it expects headline earnings per share to rise by as much as a quarter in the six months to 30 September 2020, sending its shares leaping higher.

The paint has barely dried on phase 1 of Teraco’s huge new expansion of its Isando data centre but the company is already embarking on its next big build: a massive, R4-billion facility north of OR Tambo International Airport.