Newly appointed Altron CEO Mteto Nyati has moved quickly to stamp his authority on the listed technology company, naming a new executive committee and scrapping “redundant” positions. The idea behind the restructuring is to
The head of South Africa’s nuclear company has said a request for proposals to build reactors is expected to go out as early as June as five potential suppliers emerge as leading candidates. Companies from South
The renewable energy sector was notified in a short note – sent at 4.25pm on Friday – that the financial close of 37 outstanding independent power projects would not take place on Tuesday, 11 April as planned. No new date has been set and
Toshiba warned on Tuesday about its ability to continue as going concern as it finally reported earnings for the third quarter, without getting auditor approval. The Japanese company had previously missed two
A week after President Jacob Zuma appeared to have weathered calls to resign, former leaders of the ANC are ratcheting up pressure on him to quit after his shock cabinet purge prompted two ratings agencies to downgrade the
Alan Du, a venture capitalist and World Series of Poker veteran, was in his fifth day of matching wits against his stone-cold opponent – and his losses were piling up. His rival was literally inhuman. That’s because Du went up
Qualcomm has accused Apple of lying to regulators to spur investigations of the chip maker, and threatening it to cover up the use of inferior parts in some iPhones. The world’s largest maker of phone semiconductors responded to
While Vodacom’s “overhaul” of its Smart and Red integrated contract plans has meant an increase in the number of bundled minutes, SMSes and data practically across the board, it has also managed to lift the pricing for these plans. Its mid-level Smart M+ plan is now
Just a week after downgrading South Africa’s foreign currency rating to “junk”, S&P Global Ratings has changed its rating outlook on the country’s biggest fixed-line telecommunications operator, Telkom, to “negative”. Its rating has been
Elon Musk’s Tesla briefly surpassed General Motors to become America’s most valuable car maker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s. A week after topping Ford, Tesla climbed