Stanlib Asset Management has invested R2.4-billion in the Khudu Pitje family-controlled company to accelerate the roll-out of broadband across the country.

Telkom CEO Sipho Maseko was responding to questions about a news report which said MTN had made an approach to buy the company.

Eskom CEO André de Ruyter has resisted calls from trade unions and a business group to resign amid severe electricity cuts across the country.

As Telkom makes plans to list its masts and towers business, Swiftnet, next year, the unit is actively preparing for the mass deployment of 5G in South Africa.

Nvidia extended its rally on Tuesday, briefly driving the company’s market value over $800-billion.

Telkom is considering strategic options for its IT business, including a partnership, it said on Tuesday.

The shift away from fossil fuels must generate alternative economic activities to avoid “ghost towns” forming, energy minister Gwede Mantashe said.

Power companies in Southern Africa are investigating the cause of an “unprecedented” system disruption that affected four countries.

Eskom management is increasingly blaming staff in public for load shedding, but fails to provide the basics for them to keep the lights on, according to trade union Solidarity.

Bitcoin and ether made record peaks in Asia trade on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum.