Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.
Top News
Revenue is growing again, but the bill for replacing US technology is showing up in Huawei’s margins.
Electricity theft and unrecognised municipal revenue together exceed the utility’s entire annual profit.
Eskom has confirmed R36.8-billion of irregular expenditure relating to prior years, restated outside the financial statements.
More News
MTN Uganda plans to sell shares left over from its deeply undersubscribed 2021 listing to local investors.
Icasa has ordered the SABC to resume flighting a controversial Democratic Alliance election ad.
Telkom shareholders, including the government, have voted in favour of selling the company’s masts and towers business.
Vodacom has claimed in court papers that it has been unfairly disadvantaged by its main rival’s spectrum deals.
The tech industry favours technically grounded leaders. Now rapid digitisation is forcing other sectors to follow suit.
The increase was second only to its own $277-billion jump on the day following its previous earnings report in February.
World News
IBM reported revenue that beat analysts’ estimates, signalling that the company’s efforts to transform the 110-year old tech giant are bearing fruit.
Meta Platforms’ research team has built an artificial intelligence supercomputer that it thinks will be the fastest in the world when completed in mid-2022.
Nasa’s James Webb Space Telescope neared its gravitational parking space on Monday in orbit around the sun, almost 1.6 million kilometres from Earth.
Solana, one of the largest blockchain networks, was hit by instability during a turbulent week for cryptocurrencies.
A battle between national security and privacy is brewing. Governments and secret services are asking encrypted messaging services such as WhatsApp to allow them access to users’ data. Most recently, in the wake
One year ago this week, Elon Musk took to a stage to unveil his most important vehicle yet: the US$35 000 Model 3. The electric five-seater accelerates as fast as the the best-selling luxury sport sedans in America
