Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.
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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.
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Google has announced it will build a new, high-capacity subsea cable system that connects Africa and Australia.
Work is under way to repair two cable systems that were damaged on 12 May causing internet disruptions across East Africa.
eMedia Holdings said its legal fees rose sharply in the year ended 31 March 2024 as it battled rival MultiChoice Group.
South Korea has announced a $19-billion support package amid “all-out warfare” in chip industry.
A global outage is affecting a variety of Microsoft services, including its Bing search engine and Copilot AI tool.
South Africa is considering lodging a formal complaint against the EU’s “protectionist” carbon border levy.
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The selloff in cryptocurrencies gained new momentum on Monday, with bitcoin tumbling to a six-month low and other tokens seeing big losses.
The risk-off selling pressure across the global crypto market showed no sign of abating at the weekend, after an already brutal week.
Vodafone Group recently explored a potential purchase of Three UK from CK Hutchison, people with knowledge of the matter said.
Intel plans to spend $20-billion on a chip-making hub that the company expects to grow to be the world’s biggest silicon manufacturing site.
If the rocket Elon Musk’s SpaceX expects to launch next week looks familiar, that’s because it is. The Falcon 9 rocket slated to take off from Kennedy Space Centre in Cape Canaveral, Florida
Last week, Montblanc became the first brand in the Richemont family of luxury companies to put out a smartwatch. The Montblanc Summit, based on Google’s Android Wear 2 platform, aims to
