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South Africa will use money from the sale of broadband spectrum and mining royalties to establish a R30-billion sovereign wealth fund, finance minister Tito Mboweni said.

The SABC is expected to get the remaining R1.1-billion of its R3.2-billion bailout by the end of next month, national treasury said on Wednesday.

Finance minister Tito Mboweni will present the 2020 national budget in parliament on Wednesday, starting at 2pm. Watch the livestream of the minister’s speech here.

Haemorrhaging cash and drowning in debt, South Africa’s state power utility is trying to persuade the energy regulator to allow it to raise its prices to offset lower-than expected sales and unforeseen expenses.

A labour union is trying to prevent Telkom from continuing with a plan to cut as much as 20% of its workforce to cope with falling sales in its landline business and a weak South African economy.

View the latest contribution from TechCentral cartoonist Jerm.

Mango will halt all flights to and from Lanseria at the end of March 2020. This comes as parent SAA will cease all domestic flights with the exception of a limited service to Cape Town at the end of February.

Rebel politicians in Boris Johnson’s Conservative Party are piling pressure on the prime minister to reverse his decision to allow Huawei to help build the UK’s next-generation wireless networks.