The Development Bank of Southern Africa (DBSA) has signed a R1,4bn contract with the European Investment Bank to support development of a solar power project in the Northern Cape, it said on Wednesday. “We are encouraged by the EIB’s trust and confidence towards our investment strategy in supporting SA’s power
Microsoft South Africa has expanded its BizSpark programme, which supports small software development businesses and entrepreneurs, using money from government’s jobs fund and its own 4Afrika initiative. The company wants to help lead the creation of
Search giant Google is to invest US$12m (R120m) in the Jasper Power Project, a 96MW solar photovoltaic plant in South Africa’s arid Northern Cape province. When completed, Jasper will generate enough electricity to power 30 000 homes and will be one of the largest solar installations in Africa. Google has committed
Perhaps best known for its foray into pornography, TopTV’s anti-climax in the world of broadcasting has resulted in a little-known fact: South Africa has suffered a loss of almost R1,2bn because of this venture, which critics say it should not have flirted with in the first place. Three arms
Public enterprises minister Malusi Gigaba wants all parastatals to be brought under his department to drive economic growth, he told the Sunday Times at the weekend. His department currently controlled eight parastatals, including SAA, Transnet, Eskom and Denel. With the exception of Broadband Infraco
Data centre operator Teraco Data Environments has secured a further R158m in funding. The financing includes both equity and debt, with the World Bank’s International Finance Corp and the Development Bank of Southern Africa
Just as undersea and terrestrial fibre connectivity is booming around and in Africa, an explosion in satellite capacity serving the region is also under way. The “dark continent” is getting connected to the global village. This week’s annual Satcom conference
iBurst Africa, a telecommunications business controlled by iBurst executive chairman Thami Mtshali, wants to raise as much as US$200m in…
