EXSA, already licensed to trade locally, now wants to move electricity across Southern African borders.
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Investors are questioning how quickly Big Tech’s massive AI infrastructure spending will translate into profits.
Higher turnout suggests ANC voters showed up but backed other parties, says Oxford Economics Africa.
Gene editing and AI are behind several of this year’s medical advances, but not all.
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PayShap, the rapid payments platform endorsed by the South African Reserve Bank, has been launched, with four banks supporting it from day one.
MTN Group said Eskom’s woes cost its South African operation R695-million in Ebitda in the 2022 financial year.
Absa Group said the combined impact of the worst power cuts in living memory and soaring interest rates has left SMEs and consumers at risk of default.
South Africa risks becoming a “failed nation state” unless government resolves the energy, corruption and unemployment crises, said Ralph Mupita.
Eskom has a “rich” choice of candidates to fill the role of CEO, but the appointment process could take months to conclude, according to its chairman.
Electricity minister Kgosientsho Ramokgopa has met with senior executives in South Africa’s telecommunications industry.
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The world’s biggest contract chip maker said it plans to build a $12-billion factory in the US in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China.
China is ready to put US companies in an “unreliable entity list” as part of countermeasures against Washington’s move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.
Apple has acquired NextVR, a start-up that provides sports and other content for virtual-reality headsets. The acquisition may help Apple’s development of VR and AR headsets with accompanying software and content.
One of China’s best-performing stocks so far in 2020 is a little-known server maker that last year abruptly joined the same US blacklist that threatens Huawei Technologies’ survival.
The ongoing decline in the number of fixed lines in service in South Africa, a trend that has been evident for more than a decade now, is a “big concern” for Telkom, but is the result of fixed-to-mobile substitution more than the cost of line rental. That’s according to the group’s chief operating officer
Big companies are splashing unprecedented amounts of cash into e-retail in South Africa, with the likes of online merchandiser Takealot.com recently raising R1bn of investment for expansion in the country and sub-Saharan Africa, and Naspers ploughing R5,6bn into e-commerce around the globe
