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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The electricity crisis is a barrier to growth, destroys investor confidence and handicaps almost every economic activity.
It’s time for a recovery in South Africa’s crushed markets, according to international investment strategists.
Meta Platforms CEO Mark Zuckerberg has revealed the company’s next-generation mixed reality headset, the Quest 3.
Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer. This is what you need to know.
There has been a particularly steep decline in expected business conditions, a survey showed on Thursday.
The CSIR has received an R88-million investment from the Bill & Melinda Gates Foundation that it says will help Africa in “responding to future pandemics”.
World News
A scathing report detailing abuses of market power by four top technology companies suggests a tough road ahead of new rules and stricter enforcement for Big Tech should Joe Biden win the White House.
Tesla’s upcoming quarterly report could put another US$3-billion in CEO Elon Musk’s pocket. That’s R50-billion at the time of writing.
It’s finally here. After an investigation that lasted more than a year, a US house antitrust subcommittee has come up with a robust game plan to rein in the biggest tech giants.
Facebook has classified the QAnon conspiracy theory movement as dangerous and began removing Facebook groups and pages as well as Instagram accounts that hold themselves out as representatives.
Telkom’s plans to cut wholesale service prices from 1 May should lead to big savings for consumers on their broadband bills, Internet Solutions MD Saki Missaikos predicts. However, it’s still too early to
If you think Eskom’s load shedding causes disruptions, there’s potentially an even bigger problem for the economy waiting in the wings – a technology outage caused by a cyber attack. The very functioning
