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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PDD Holdings more than doubled revenue after deepening inroads into countries including South Africa.
Nvidia shares jumped 5.9% to US$1 005 in extended trade, peaking above the psychologically important $1 000 mark.
Microsoft and G42 have announced plans to build a hyperscale data centre in Kenya to service the East Africa region.
Reunert’s interim results, though positive, would have been better had Nashua not been impacted by the logistics crisis at South Africa’s ports.
BYD, which overtook Tesla late last year as the biggest global EV maker, is about to raise the stakes.
The PC just got an AI makeover, raising hopes that the buzzy technology will help revive an industry under pressure.
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Netflix dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20%.
YouTube is cutting its investment in original programming, ending a six-year experiment with making premium television shows.
A couple of high-profile takeovers of videogame companies has stirred optimism that acquisitions will help technology stocks recover. That sentiment may be premature.
Airlines across the world are adjusting and cancelling flights over fears that a 5G roll-out could interfere with key safety systems.
Research on the so-called productivity paradox – declining productivity despite the ongoing technological revolution – abounds in explanations ranging from statistical error to theories
Apple’s App Store has turned countless software developers into millionaires since its launch almost a decade ago. But working with the famously controlling company has often been
