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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Trade, industry & competition minister Ebrahim Patel has published block exemptions for energy users and suppliers in terms of the Competition Act.
Nvidia breached the $1-trillion in market capitalisation on Tuesday, making it the first chip maker to join the trillion-dollar club.
The Reserve Bank is working on a contingency plan to ensure the country’s payments system remains in operation in the event Eskom’s electricity grid collapses.
Cape Town has set a record for the number of applications received to install solar power as the electricity crisis worsens.
MultiChoice Group is launching a new fintech joint venture aimed at developing an “integrated payment platform for Africa”.
Telkom shares rose as much as 8.9% on Monday morning after a report said Sipho Maseko is spearheading a possible bid to buy 35% of the group.
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China said at a World Trade Organisation meeting that restrictions by the US on Chinese mobile applications TikTok and WeChat are in violation of the body’s rules, a trade official said.
Just as the Chinese duo of Jack Ma and Pony Ma have carved up major chunks of their country’s Internet businesses, the battle for control of 1.3 billion Indians’ data could become a two-horse race.
The European Central Bank will start experimenting with a digital version of the euro while holding a public consultation in a major step toward introducing the technology.
ByteDance is working with US regulators to resolve outstanding security concerns over its planned sale of a stake in TikTok, and the companies involved are bracing for the approval process to drag on past the November election.
Many millions of people throughout the world will illegally download the fifth season of Game of Thrones, which began screening around the world, including in South Africa, this month. Legally
In the past three months, I’ve visited three francophone countries — Côte d’Ivoire, Cameroon and Mali — and talked to those involved in the start-up ecosystem in each country. The most developed of
