Divisions within the ANC are deepening and a potential downgrade of South Africa’s debt rating to junk isn’t fully priced in by markets, according to Goldman Sachs Group. The rand slumped as much as 4,3% against the dollar on
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Ericsson said earnings missed estimates last quarter amid waning demand for wireless network equipment, a further setback for the Swedish manufacturer struggling to reverse plunging sales and reduce costs. Revenue dropped
The remaining members of the SABC board will not win the fight to cling to their positions, an ANC MP has said. This after the board members were sent letters by parliament’s communications committee asking them to resign and
Afrihost said on Tuesday that it is entering the fibre-to-the-home market using the infrastructure deployed by Vumatel, Telkom’s Openserve and TT Connect, a fibre provider on Johannesburg’s East Rand. Now, the company has
The South African Revenue Service says its tax and customs offices will close at 5pm on Friday due to a substantial IT system upgrade and maintenance. To minimise disruptions on the day, Sars said its employees
Samsung Electronics is corporate royalty in Korea. It’s also a company recognised for its marketing smarts and engineering savvy worldwide, so much so that consulting firm Interbrand ranked it as the world’s seventh most
MTN Group, which has US$1bn stuck in Iran, agreed to invest the equivalent of R315m in Snapp.ir, the Islamic Republic’s first taxi-hailing smartphone application. The funds “will allow us to quickly expand to other
Gupta family lawyers have told the public protector that should the findings of her state capture report include that the family was “in any way whatsoever involved in inappropriate conduct,” she would be doing so at
Renewable energy will also cost South Africa in excess of R1 trillion and it’s up to Eskom to say if they can afford it, as it will be funded from the power utility’s balance sheet, said energy minister Tina Joemat-Pettersson on Tuesday. The minister