Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.
Browsing: Deloitte
Electricity theft and unrecognised municipal revenue together exceed the utility’s entire annual profit.
Eskom has confirmed R36.8-billion of irregular expenditure relating to prior years, restated outside the financial statements.
US President Donald Trump’s new regime of retaliatory tariffs is set to hurt US tech firms and consumers most.
Removing ad valorem duties is a first step, but more work needs to be done to bridge the affordability gap.
Attacq has earmarked R20-billion to further develop its flagship Waterfall City commercial and logistics hub.
Even then, removing so-called ad valorem duties alone might not go far enough to boost affordability.
Namibia has become the latest of four African countries to offer digital nomad visas to remote workers.
Mustek has appointed Neels Coetzee as divisional MD of Mustek, replacing Hein Engelbrecht in the role.
New research shows South Africans actively dislike telecoms operators, with the industry ranked last in net customer sentiment, below banking, insurance and retail.