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Load-shedding costs South Africa up to R899 million each day
According to central bank estimates, South Africa's energy problem costs the economy up to 899 million rand ($51 million) every day. Rolling blackouts lasting 6 to 12 hours a day, or so-called stage 3 and stage 6 outages, cost the economy between 204 million and 899 million rand per day, according to the South African
Dell is laying off 6,650 workers as PC sales plummet
Dell Technologies Inc., the latest technology company to announce thousands of job cutbacks, is removing around 6,650 positions due to falling demand for personal computers. Dell stated in a regulatory filing early Monday that the layoffs equal to around 5% of its global staff. Dell is dealing with market circumstances that “continue to erode with
South Africa's Internet traffic has increased by 500,000%
Internet traffic passing through South Africa's largest Internet exchange, NAPAfrica, has increased by more than 500,000% in just over a decade. Teraco, Africa's largest data centre operator, established NAPAfrica in March 2012 as a vendor-neutral Internet exchange point for South Africa. It enables organisations with Internet-hosted content and services to peer locally by deploying equipment
Eskom must hike prices or die — André de Ruyter
Eskom Holdings SOC Ltd. requires debt relief in addition to price rises to survive, according to departing CEO Andre de Ruyter, who has managed the company for three years while South Africa's power outages have worsened. The continent's largest industrialised nation has experienced 100 consecutive days of power outages due to supply problems caused mostly
Eskom has announced more load-shedding, here is the latest schedule
Eskom has declared that load-shedding would no longer be reduced as of Wednesday. Load-shedding will instead stay at stage 4 between 16:00 and 05:00 and stage 3 between 05:00 and 16:00 everyday until further notice. Eskom has previously stated that it intended to minimise power outages to an alternate schedule of stage 2 and stage
Top speaker line-up announced for 2023 FORBES WOMAN AFRICA Leading Women Summit
Some of the continent's most powerful women will address difficult themes centred on this year's theme, Women 3.0: The Icons and Ideas Shaping Africa. The organisers are thrilled to provide viewers a behind-the-scenes look at some of the speakers who will be featured in the 8th FORBES WOMAN AFRICA Leading Women Summit, which will take
How much do South African mobile service providers spend on their networks
When it comes to network investment, Vodacom has surpassed South Africa's other main mobile providers in the last year. MyBroadband compared the capital invested on networks by MTN, Vodacom, Cell C, and Telkom in the previous year. The mobile network provider paid R11.1 billion on network expansion and maintenance, compared to R9.1 billion spent by
Elon Musk says Twitter has avoided bankruptcy
Elon Musk claims that Twitter Inc. is "trending to breakeven" after rescuing it from "bankruptcy." The billionaire stated in a tweet on Sunday that the previous three months had been "extremely difficult." He had to balance his obligations at Tesla Inc. and Space Exploration Technologies Corp., or SpaceX, with the rescue of the social-media platform.
One hundred days of nearly continuous load shedding
South Africa is approaching 100 days of rolling blackouts, the longest period yet, with more to come as the country's electrical situation worsens. According to Bloomberg estimates, Eskom Holdings SOC Ltd., the state-owned corporation that provides virtually all of the energy in Africa's most industrialised economy, has enforced daily blackouts since Oct. 31, making Monday
In South Africa, Huawei dominates mobile network speeds
According to Analytico statistics, residents in locations covered by Huawei's radio equipment had the fastest download and upload rates. The study is based on MyBroadband speed test app users' testing and controlled driving tests done throughout 2022. To ensure carrier-neutral testing, MyBroadband's speed test servers are hosted at Teraco's vendor-neutral data centres. At NAPAfrica peering
ANC wants Dlamini-Zuma in charge of the load-shedding debacle
The ANC wants Nkosazana Dlamini-Zuma to lead South Africa's attempts to fix the load-shedding problem, which has left the country in a state of emergency. This was one of the proposals made during the ruling party's National Executive Committee (NEC) lekgotla last week, according to the Sunday daily Rapport. At the same time, "impeccable" sources
What destroyed Tesla in South Africa
In 2004, a year after Tesla was founded, a group of South African engineers banded together to create an electric vehicle (EV) in response to mounting global warming concerns. Optimal Energy was formed in 2005 by Kobus Meiring, Mike Lomberg, Jian Swiegers, and Gerhard Swart with the goal of developing the country's first electric car.
Elon Musk's Twitter Files include no mention of, much alone "expose," Bill Gates – verify your facts
According to social media posts, Elon Musk's Twitter Files "exposed" Bill Gates "so hard" that the Microsoft co-founder disabled tweet comments. However, Gates is not mentioned in the Twitter Files, which were revealed in December 2022. In July 2020, Gates will switch off comments. “Elon Musk EXPOSED Bill Gates in the latest twitter files so
Vodacom generates a large amount of revenue through offering insurance and short-term loans
Vodacom's financial services continue to increase, and the mobile operator's portfolio is being expanded through the VodaPay Super App. Vodacom's rapid expansion in financial services can be traced back to 2017, when it purchased a 34.94% indirect stake in Safaricom. Safaricom was the leading mobile operator in Kenya at the time of purchase, with a
Ford South Africa starts exporting next-generation Ford Ranger
Ford South Africa has just begun exporting the new-generation Ford Ranger to the overseas market from its Silverton plant in Tshwane. The American carmaker announced that the pick-up truck is shipped to more than 100 markets and the leader is European which is the largest destination. The pick-up is being shipped to more than 100
Ambitious FlySafair looking to hire more crew members & increase its aircraft
South African low-cost airline FlySafair is now aiming to boost its capacity by adding new aircraft to its fleet. According to spokesperson Kirby Gordon, the domestic airline will add two planes in the next two months and also hire more crew. Speaking to IOL’s Business Report, Gordon said the airline’s purchase of new aircraft would
Thungela Resources acquire R4.1 billion majority stake in an Australian coal mine
BusinessTech Africa has discovered that Thungela Resources has announced that it has acquired a R4.1 billion majority stake in the Ensham coal mine. The acquisition in Australia sees the coal miner moving towards diversifying out of the South African market. The mining giant confirmed that the purchase consideration of AUD 340 million (R4.1 billion) was
“Opportunistic” SABC demanding TV licences for laptops and computers
The South African Broadcasting Corporation (SABC) is now looking to force viewers to pay television licences for computer monitors – reports Mybroadband. Information landing through to BusinessTech Africa says the SABC is now demanding that South African viewers pay TV licence fees for computer monitors, even if they are not using those devices to watch
South Africa's leading cloud services
South African firms may pick from five key cloud services to make their operations more flexible, efficient, and to unleash strategic value. If you've used the Internet in the last several years, you've probably visited a website or utilised an app that uses a cloud service. The specifics of how a cloud computing infrastructure works
Eskom wishes to reduce load-shedding by the weekend
Eskom intends to decrease load-shedding to stage 4 on Friday, 3 February 2023, with the goal of reducing it to stage 3 by Saturday. According to Thomas Conradie, Eskom's head of generation, the return of numerous producing units to service and low weekend demand should allow the power provider to lessen load-shedding. Conradie stated during