Revenue is growing again, but the bill for replacing US technology is showing up in Huawei’s margins.
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Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.
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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A major network outage was impacting Telkom mobile users in South Africa on Monday.
Avanti has partnered with Q-KON to deliver LEO satellite services via the Eutalsat OneWeb constellation in South Africa.
A sustained maintenance drive has brought units at Medupi and Kusile back online, bolstering Eskom’s energy availability factor.
Vodacom Group on Monday reported a 10.8% fall in full-year earnings, impacted by start-up losses in Ethiopia.
Two submarine internet cables that connect South Africa and Kenya went on the blink on Sunday.
Eskom said it does not expect to implement load shedding this week, taking the current run to beyond 50 days.
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Investors have enjoyed world-beating returns for years by owning shares of trillion-dollar technology companies.
Bitcoin fell below $43 000 on Thursday, testing multi-month lows.
China’s tech stocks fell once again on Wednesday as firms backed by Tencent Holdings came under pressure after the firm pared investment in the sector for a second time in two weeks.
BlackBerry devices running the original operating system and services will no longer be supported after 4 January, marking the end of an era.
Many see the decision by the ANC to send the disgraced former CEO of the power utility Eskom to parliament as the precursor to another attack on the national treasury and to remove finance minister Pravin Gordhan. The decision to give Brian Molefe
A year after President Jacob Zuma began feuding with finance minister Pravin Gordhan over control of the nation’s purse strings, the conflict appears to be coming to a head. When he presents his annual budget in parliament on Wednesday
