The Ramaphosa administration is accelerating the sale of government assets to fund its cash-strapped airline and other distressed state-owned companies.
Browsing: top
The ANC’s top decision makers have met to discuss how to deal with ailing state-owned companies whose deteriorating finances have emboldened critics of President Cyril Ramaphosa.
The US software maker is pledging to be “carbon negative”, meaning it will remove more carbon than it emits, by the end of the decade.
Elon Musk’s rocket company has one last, major hurdle to clear before it attempts an historic first flight of astronauts for Nasa: proving it can safely abort a mission if something goes wrong after takeoff.
A major electronics manufacturing facility in East London, which until recently made decoders for MultiChoice, faces possible liquidation after it reportedly failed to make repayments on a R200-million loan.
Both the Wacs and Sat-3/Wasc cables providing international connectivity from South Africa to international markets were knocked out on Thursday, causing slow connections for some consumer and business users.
Communications minister Stella Ndabeni-Abrahams said on Thursday that she will meet urgently with Telkom management to discuss the company’s plan to let go of as many as 3 000 employees.
Trade union Solidarity has slammed Telkom over its plan to cut up to 3 000 jobs, or 20% of its 15 000-strong workforce, describing the move as “reckless” and “merciless”.
Telkom shares jumped on Thursday after it emerged on Wednesday evening that the company plans a major retrenchment round that could see up to a fifth of its workforce let go.
The so-called phase-one US-China trade pact has done little to allay fears about Huawei Technologies’ prospects and those of its key suppliers, two analyst research reports suggest.