Eskom group chief financial officer Calib Cassim Eskom reported R4.9-billion of irregular expenditure for the year to 31 March 2026, less than half the restated figure for the year before. But read further into the auditor’s report and a different number appears. During the year, Eskom confirmed irregular expenditure of R36.8-billion relating to prior years….
MTN Group CEO Ralph Mupita MTN Group cut capital spending on its South African network by 17.1% in the six months to June, to R2.64-billion excluding leases, in a half that saw its prepaid base shrink by about 1.5 million customers and its total subscriber base fall 0.7% year on year to 39.5 million. The…
South African IT spending will grow 19.8% in 2026 to US$28.1-billion, more than five percentage points faster than the global figure, according to figures Gartner provided to TechCentral. The research firm does not publish a South African breakdown with its quarterly global releases. It supplied the local cut on request, following its worldwide forecast on…
SpaceX, Tesla and X CEO Elon Musk (R) and Google CEO Sundar Pichai attend the presidential inauguration of Donald Trump at the Rotunda of the US Capitol in Washington, on January 20, 2025. Trump takes office for his second non-consecutive term as the 47th president of the United States. Kevin Lamarque | Afp | Getty…
Telkom Group CEO Serame Taukobong Telkom customers who want to buy fibre, mobile and a fixed-wireless product in a single purchase still can’t do so easily – a shortcoming group CEO Serame Taukobong has acknowledged is the central problem a multi-year overhaul of the operator’s back-office systems is meant to solve. “If you walked into…
SINGAPORE, SINGAPORE – MAY 29: Police officers stand on patrol during the 23rd IISS Shangri-La Dialogue at the Shangri-La Hotel on May 29, 2026 in Singapore. Senior defence officials and military leaders from across the Asia-Pacific and beyond convene at the Shangri-La Hotel in Singapore for the International Institute for Strategic Studies (IISS) Shangri-La Dialogue,…
South Africans are outsourcing shopping decisions to AI tools. South Africans are increasingly turning to artificial intelligence (AI) tools as a core part of their shopping, with almost half of surveyed people now using AI tools weekly to inform their purchasing decisions. This is according to latest edition of SpendTrend26, compiled by Discovery Bank and…
Software maker Oracle has started telling employees that it’s conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, said the people, who asked not to be identified to discuss a confidential matter. As of May 2025, the company employed 162,000 people. Shares of Oracle have…
Standard Bank Group’s annual financial results, published on Thursday, have revealed that Africa’s largest bank by assets spent more than R14-billion on cloud, software and technology in 2025 — an 8.7% year-on-year increase that far outpaced the growth in its overall cost base. The “cloud, software and technology” line item in the group’s operating expenses…
Nvidia delivered another set of record-breaking results for its January quarter on Wednesday, bolstered by the relentless demand from “Big Tech” for its specialized AI processors. The company posted a 94% increase in sales, reaching $68.1 billion, and projected current-quarter revenue of approximately $78 billion, comfortably exceeding market expectations of $72.6 billion. Read: The new…
