South Africa’s biggest business lobby criticised the government’s handling of the crisis at power utility Eskom and said it was unrealistic in its approach to the country’s growing debt burden.
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The state-owned power utility is set to announce its second consecutive multibillion-rand annual loss on Tuesday. The big question is, how many billions?
Finance minister Tito Mboweni says government borrowing will surge and taxes may rise to fund the troubled Eskom. Yet no plan has been announced to restructure the overstaffed company.
A financial crisis confronting South Africa’s state power utility has become a national debt problem.
As part of an ambitious reform programme, Prime Minister Abiy Ahmed plans to award telecommunications licences to two private operators next year, and sell a minority stake in Ethio Telecom.
Apple’s Steve Jobs was singular in his ability to take a company “on a path to die” and turn it into the world’s most valuable – in part by “casting spells”, billionaire Bill Gates said.
President Cyril Ramaphosa on Friday rallied to the defence of China’s Huawei, saying the company’s technology will be crucial in the roll-out of 5G mobile telecommunications infrastructure in South Africa.
Exclusive | Econet Media racked up more than R1.8-billion in external liabilities and was unable to pay suppliers before it was placed into administration earlier this week, a document seen by TechCentral shows.
The decision to place Econet Media’s satellite television business into administration will not affect the planned launch of Kwese Free TV in South Africa, a top company executive has said.
Apple will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the US, the Wall Street Journal reported.