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Vodacom profit hit by Ethiopia start-up costs

Vodacom Group on Monday reported a 10.8% fall in full-year earnings, impacted by start-up losses in Ethiopia, higher finance and energy costs, and inflationary pressures. The company, majority-owned by Britains Vodafone Group, c
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13 May 2024

Load shedding will remain suspended this week

Forty-six days of zero load shedding is likely to be extended to at least 53 days after Eskom said the sustained improvement in generation has continued. In a statement late on Sunday, the state-owned electricity utility said th
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12 May 2024

Subsea cable cuts hit Africa again, causing major disruption

Two submarine internet cables that connect South Africa and Kenya went on the blink on Sunday, severely impacting internet services in nations in East Africa. The immediate cause of the faults, which are reportedly affecting the
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12 May 2024

Massive solar storm degrades Starlink services

Starlink, the satellite arm of Elon Musks SpaceX, warned on Saturday of a degraded service as the Earth is battered by the biggest geomagnetic storm due to solar activity in two decades. Starlink owns around 60% of the roughly 7
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11 May 2024

Zimbabwe arrests cabinet minister's son for using Starlink

A Zimbabwe politician's son was arrested on charges of illegally possessing a Starlink terminal, a sign of the risks in countries where the SpaceX technology isn't licensed. Neville Mutsvangwa, the son of women's affairs communi
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11 May 2024

EOH shareholders approach board over succession plan

JSE-listed EOH Holdings said on Friday that it has been approached by "certain shareholders" regarding a 'succession plan for the EOH board". It advised shareholders that they should exercise caution when dealing in EOH shares w
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10 May 2024

Warning of severe solar storm this weekend

A severe solar storm this weekend threatens to trigger blackouts, disrupt navigation systems and knock out high-frequency radios around the world. This is the first time since January 2005 that the US Space Weather Prediction Ce
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10 May 2024

South Africa faces lithium battery recycling headache

Thanks to load shedding and the steady move to electric mobility, batteries have become essential in South Africans' lives. They keep homes and businesses running during load shedding, keep our phones topped up when we're on the
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10 May 2024

March cyberattack delays Nampak interim results

Nampak has delayed the release of its interim financial results, blaming the delay on ongoing work the company is doing to ensure the integrity of its financial data following a cyberattack in March. According to a notice to sha
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10 May 2024