Tag: South Africa

The World Bank is in talks over a potential $1 billion loan to South Africa in an effort to help the nation reform its energy sector. The country has been facing record power cuts which have crippled its economy. State utility company Eskom has been...

MTN Group Ltd. confirmed on Monday that Mastercard has agreed to purchase a $5.2 billion stake in the company's financial-technology business. Shares in Africa's largest mobile telecommunication company rose by 10% on the Johannesburg Stock Exchange following the announcement. The deal is composed of...

South African electricity public utility Eskom has announced that it will implement Stage 6 power cuts starting from Sunday morning. Commonly known as "load shedding", this increase in power cuts comes after the utility implemented Stage 5 on Saturday after five generating units broke...