The power utility estimates the land put to tender can yield up to 500MW of new generation capacity.
CEOs of Pinnacle, Axiz and Rectron say load-shedding, currency fluctuations and chip shortages are forcing the industry to rethink business strategies.
The senior official is dismissed after being found guilty following an investigation of contract irregularities.
The company aims to strengthen its core business and improve process efficiency, as it retrenches 2.5% of its workforce.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The wave of hiring freezes and retrenchments in the global tech sector hits SA, with the recruitment industry seeing fewer job placements in the last quarter.
The companies “adapt to a changing macro environment”, working for some time to strengthen their cost structure.
The retrenchments impact workers remaining after the Kyndryl and Watson Health spinoffs, and will cost $300 million.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The new Africa Data Centres facility shows the city is still top for tech opportunities, says alderman James Vos.
The SA-born crypto exchange is adjusting the size of its team across all its markets, says CEO Marcus Swanepoel.
Financial institutions regularly review backup power contingency plans to minimise inconvenience and downtime.
TymeBank TFG Money branded kiosks located in TFG stores across the country will offer banking services.
Awareness, safety and convenience are key contributors to the accelerating adoption of contactless payments, says the bank.