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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Icasa has made a large tranche of additional Wi-Fi 6E spectrum available to South African users. This is why it matters.
President Cyril Ramaphosa has finally signed a proclamation transferring some powers and functions to his electricity minister.
Some analysts said Nvidia’s results show that the generative AI boom could be the next big driver of growth.
The rand plunged to a record low as another jumbo rate hike raised concerns about the outlook for economic growth.
Johannesburg’s City Power is in talks with Eskom to reduce outages in South Africa’s biggest and wealthiest city.
The South African Reserve Bank has raised its repo rate by 50 basis points to 8.25% on continued inflation worries.
World News
Apple is giving CEO Tim Cook new equity awards that could provide him with as many as a million shares by 2025.
Google has sought to rebut criticism that it selectively enforces its 30% mobile app store tax, demanding that the over 3% apps selling digital items without complying follow the rules within a year.
US President Donald Trump’s administration is maintaining pressure on Chancellor Angela Merkel to exclude Huawei from Germany’s 5G networks.
Microsoft unveiled a new cloud platform on Monday aimed at enabling telecommunications operators to build 5G networks faster, reduce costs and sell customised services to business clients.
Digital music downloads and online streaming sales have now overtaken sales of CDs and records for the first time, underscoring just how fundamentally the internet has changed the way we consume
In a music buying industry now dominated by iTunes and music streaming services such as Spotify, Napster, Pandora and Jay-Z’s recently released Tidal, the CD and physical music store are reportedly in sharp (and potentially terminal) decline. But a curious development
