Analysts argue that the influx of innovative new financial technology companies into the African market will challenge banks and erode their profit margins. Accenture estimates that over one-third of mainstream financial
Eskom said on Monday that auditors have raised concerns about issues relating to Matshela Koko and Brian Molefe, who both ran South Africa’s state-run power utility this year, in their year-end review. The company’s external auditors
MTN has reportedly agreed to settle a fine of $8.5m with the Rwandan government after negotiations over the fine broke down. The fine was imposed on the Rwandan subsidiary of the Johannesburg
Africa vs Poland. In Africa’s corner, we’ve got the insane beauty of Kenya’s Masai Mara, the rust-red dunes of Namibia’s Sossusvlei and a mountain in South Africa so lovely we named it after a bit of furniture. Warsaw is probably also
Johannesburg residents and businesses have been warned to plan ahead for a widespread planned power interruption on Monday, 10 July, extending into the next morning. In a statement, City Power said dozens are suburbs, from
Samsung Electronics heir Jay Y Lee has refused to testify at the bribery trial of former President Park Geun-hye, arguing that doing so risked affecting his own corruption hearing. Lawyers for the de facto chief of the
JSE-listed technology group Altron said on Monday before markets opened that it plans to dispose of its subsidiary Crabtree Electrical Accessories to Germany’s Siemens for an undisclosed sum. The deal, which must still be approved
It’s finally here: the Model 3, Tesla’s $35 000 electric game changer. A single black Model 3 rolled off the production line on Friday with a serial number all its own, kicking off a company-defining six months. The car will belong to Elon Musk, Tesla’s
Liquid Telecom, the company that recently acquired South African telecommunications operator Neotel, said at the weekend that it has been successful in its new capital raising exercise, securing $700 (about R9.4bn) in a bond
A new report by Bloomberg News about Russia being suspected of recently hacking a dozen US power plants, including a nuclear one, is far more serious than any possible attempt to influence an election. It could be a sign