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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Reunert has reported improved financial performance for the six months ended 31 March 2023.
Solar projects are expected to outpace outlays on oil production for the first time, according to the International Energy Agency.
Openview, the free-to-air satellite platform owned by JSE-listed eMedia Holdings, has notched up nearly 3.2 million activations.
To be successful, the tax incentive needs to be far greater and have more of a meaningful and immediate impact on pockets.
The City of Cape Town is in talks with Eskom to take over the supply of electricity across the metro.
Nvidia’s market value surged by $200-billion to more than $960-billion on the back of AI-fuelled blowout results.
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A US judge has temporarily blocked a Trump administration order that was set to bar Apple and Google from offering Chinese-owned short video-sharing app TikTok for download on Sunday.
Japan’s NTT will take full control of its wireless carrier business NTT Docomo for about 4 trillion yen ($37.9-billion), the Nikkei business daily reported on Tuesday.
US President Donald Trump asked a San Francisco judge to stay an injunction blocking a ban on Tencent’s WeChat, arguing the Chinese-owned messaging app jeopardises national security.
The US has imposed restrictions on exports to China’s biggest chip maker, SMIC, after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes.
Just before the Easter long weekend, Eskom ramped up the amount of generation capacity taken offline for planned maintenance by 40%. This was a substantial move (and a very belated positive one). In practical terms, planned maintenance had been hovering around the 4GW
Reduced demand for set-top boxes, poor sales of Altech’s much-hyped Node product, the loss of a television assembly business, tough trading conditions at Autopage Cellular and poor performance at
