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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Eskom needs to run some coal-fired plants for longer than their planned retirement deadlines, its CEO said.
Liquid Intelligent Technologies will offer OneWeb low-Earth-orbit satellite services in Africa.
The rand strengthened to a 10-month high on Tuesday, a week before the general election.
Microsoft South Africa has signed a R1.3-billion, 10-year agreement with the department of trade, industry & competition.
Microsoft has debuted a new category of personal computers with AI features and running chips with ARM designs.
TymeBank customers can now withdraw cash at 172 000 spaza shops and traders across South Africa.
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Huawei has obtained a licence in China that allows it to seek external capital, as it works to shore up its supply of silicon chips in the face of US pressure.
Sony Group shares fell as much as 9.6% after Microsoft announced a $69-billion deal to acquire games publisher Activision Blizzard.
Microsoft said on Tuesday it would buy videogame publisher Activision Blizzard in an all-cash transaction valued at $68.7-billion. It’s the biggest-ever acquisition in the IT industry.
Samsung Electronics has introduced its first mobile processor powered by AMD graphics as the company tries to better compete with Apple.
Tim Cook has talked up a lot of technologies since becoming Apple’s chief executive in 2011. Driverless cars. Artificial intelligence. Streaming television. But no technology has fired up Cook quite like
The contemptuous label of “cybercriminals” is the figurative sword with which the Nigerian image is generally being hacked and left for dead. According to Prof Biko Agozino of Virginia Tech university
