Revenue is growing again, but the bill for replacing US technology is showing up in Huawei’s margins.
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Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.
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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Vodacom Group reported a 6.4% drop in full-year profit due to load shedding and operational activities.
The diplomatic fallout between South Africa and the US couldn’t have come at a worse possible time.
The ANC risks losing almost a quarter of its support unless it brings the country’s worst power crisis to an end ahead of elections next year, a survey of voters has found.
IT industry leaders in South Africa have expressed serious concern about the collapse in the value of the rand this week.
The rand hit an all-time low against the dollar on Friday, extending steep losses from the previous day.
The president says all hands are on deck to ensure that the severity and frequency of load shedding is reduced in the near term.
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Beijing opposes a forced sale of TikTok’s US operations by its Chinese owner ByteDance, and would prefer to see the short-video app shut down in the US, people with knowledge of the matter said.
A good decade after Nokia’s mobile phone business suffered a fatal blow at the hands of the iPhone, the Finnish company is still feeding off a lucrative asset that it salvaged from the wreckage.
The latest additions to China’s list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations.
ByteDance is increasingly likely to miss a Trump administration deadline for the sale of its TikTok US operations after new Chinese regulations complicated negotiations with bidders Microsoft and Oracle.
Passwords are a pain. I seem to have 100 or more different identities on different websites to manage. Whenever I book a flight or buy a concert ticket, it often means setting up yet another persona and coming up with a password to authenticate it. It’s got so bad I’ve
The investment by UK-based private equity firm Permira into one of sub-Saharan Africa’s biggest data centre companies, Teraco Data Environments, is another marker that private equity players in Europe and the US are taking investing in South African and Africa
