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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Orange and Vodacom are in talks about a strategic partnership in Africa, according to sources.
Bradwin Roper will join emerging-markets fintech Jumo as head of payment partnerships from 1 November.
Newly appointed Naspers and Prosus CEO Fabricio Bloisi has promised more of the same in strategy, with a focus on AI.
This Monday sees the start of competition hearings into Vodacom’s planned acquisition of a 30-40% stake in Maziv.
The most pivotal South African election in decades is already turning the tide of the country’s financial markets.
TechCentral had a look at Vodacom and MTN’s capex per customer in South Africa – and it tells an interesting story.
World News
Netflix has raised its monthly subscription price in the US to help pay for new programming to compete in the crowded streaming TV market.
A massive cyberattack hit Ukrainian government websites on Thursday night amid rising tensions with Russia.
Block, the payments company formerly known as Square, is building a bitcoin mining system and hiring a team for the effort.
TSMC’s market capitalisation has surpassed Tencent Holdings’ to make it Asia’s most valuable company.
It was June 2013, and US law enforcement thought they were finally getting their hands on a slippery target: Russian hacker Alexsey Belan, indicted in Nevada and California for computer intrusions at three US e-commerce companies, had been
At the helicopter industry’s largest trade show last week, dozens of aircraft were parked over seven acres of Dallas, Texas convention centre space. Yet only one generated a constant crowd as more than a thousand people gathered
