Browsing: South Africa Industries

This decision comes at a time when South Africa is still struggling with catastrophic power outages and is also attempting to transition away from its reliance on fossil fuels. Causing businesses to steer clear of relying on Eskom, the struggling state-owned utility of the country, for their electricity needs.

Eskom blackouts can last up to six hours, which causes production delays and damages sales.

Eskom, the troubled power corporation responsible for providing most of South Africa’s electricity, has had a challenging time keeping the lights on for many years and has been forced to apply load-shedding to prevent the grid from collapsing.…

Vodacom recently agreed to purchase a co-controlling stake in the fibre assets held by Community Investment Ventures Holdings, increasing the competitive pressure on MTN.

MTN has declared that it will withdraw its operations from the Middle East by the end of 2020 to concentrate on the rapidly expanding African market.

According to AJ Snyman, an investment analyst at Peregrine Capital, the chances of the Competition Commission of South Africa approving the merger in its current shape are “nil.” This is the opinion that Snyman held.

“If the merger goes through, MTN and Telkom will have at least a 50 per cent market share in the mobile area, which is certainly a dominant market position,” Snyman said.

MTN would also gain access to Telkom’s valuable 3.2 gigahertz spectrum, which is suitable for 5G and would give it a dominating spectrum holding, he added. This would be advantageous for MTN.…

Africa second-largest economy, South Africa—is anticipating to reopen its economy by easing its nationwide lockdown.

According to information from Bloomberg, South Africa’s government announced the plans for the reopening on Wednesday.

South Africa—which had the most strict lockdown perhaps in the entire region, has taken the imitative due to business leaders constant pressure on South African President Cyril Ramaphosa, to take back the economy to its normal life, arguing that the lockdown does more harm and could do more harm to the economy over time.

The South African government rolled in a 21-day lockdown on March 27 to fight the virus spread, but then added two more weeks.

The lockdown has been used as the preparing base to levitate the health system, as nearly 25,000 beds were added for quarantine, personal protective equipment and other supplies, according to information from Bloomberg.

Speaking to his countrymen via a televised address, …