Revenue is growing again, but the bill for replacing US technology is showing up in Huawei’s margins.
Top News
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.
More News
A dodgy bitcoin mining operation in Vryburg, North West has added to the town’s already massive Eskom bill.
MTN Group is planning price increases in certain markets, as Africa’s largest wireless carrier battles with inflationary pressures.
Google is hoping to create some of the same consumer excitement generated by Microsoft’s update to rival search engine Bing.
MTN Group is in advanced talks with Axian Group to sell some of its West African markets, sources say.
The pair have travelled to China as Eskom implements record power cuts that are hobbling the economy.
Sasria appears to have walked back its earlier decision that it would no longer provide cover for damage caused by a collapse of Eskom’s grid.
World News
Volkswagen’s new electric car panned by Germany’s leading test publication. Auto Motor und Sport said the ID.3 fell short of the car maker’s usual standards of fit and finish, and had a limited operating range,
Tesla shares slumped in US pre-market trading on Tuesday after the electric vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise.
China has announced an initiative to establish global standards on data security, saying it wants to promote multilateralism in the area at a time when “individual countries” are “bullying” others.
General Motors took a US$2-billion equity stake in Nikola and partnered with the truck maker to engineer and manufacture its Badger bakkie, sending its shares soaring in early trading.
Pictures of BMW’s i3 don’t do justice to what is a truly modern urban electric vehicle. Being launched next to the stunning i8 sportscar doesn’t help either, as the inevitable comparison leads to
Whether you’re sitting in a plush C-suite making executive decisions for a multinational, or sitting alone in your study working on a zany start-up idea, productivity matters. How quickly and efficiently we can get things done shapes the course of our careers, our companies
