South Africa’s state-owned power utility has started consultations about possible job cuts for executives as the cash-strapped company looks to rein in soaring costs despite stagnant electricity output.

Private equity investment firm Ethos has launched a new fund, targeting R1-billion, that will invest in artificial intelligence companies in South Africa.

The GSMA on Tuesday warned that governments and regulators must move quickly to free up the right radio frequency spectrum bands to ensure the speedy roll-out of 5G services.

Uber Technologies has said it will triple headcount working on food delivery across Europe, the Middle East and Africa in its fight for market share against local rivals.

Former Vodacom Group executive Romeo Kumalo has started a tech-focused South African investment firm and aims to raise as much as R2.9-billion in an initial public offering next year, sources say.

Blue Label Telecoms, taking advantage of its low share price, has bought back almost 3.5% of the company’s issued share capital, it said on Monday.