The impact of Covid-19 and the national lockdown has impacted JES-listed Telkom’s business to varying degrees. In an update to the market, Telkom said that, while its consumer business benefitted from the increased demand from people working from home and online schooling, its BCX and Small Medium Business (SMB) units were negatively impacted as corporate customers came under severe financial pressure.
As the Covid-19 pandemic brings South Africa’s widening digital divide into sharp focus in South Africa, having the latest generation connectivity, unaffordable for many, will not make much of an economic impact without lowering the costs. South Africa has had some success with its various deployments of third-generation (3G) and fourth-generation (4G) long-term evolution (LTE) technologies in recent years, with penetration nearly the 100% mark.
Bokamoso Solar, situated near Leeudoringstad, in the North West province, has started commercial operations. The 67.9 MW solar photovoltaic (PV) power plant and several others currently under construction are expected to have put the North West on the map as a player in the renewable energy sector, not only in terms of delivering additional power to the country’s national grid, but also benefitting the rural communities through impactful economic development programmes.
While South African venture capital (VC) investors may have seen a significant slowdown in deal activity this year as a result of measures implemented globally to contain the spread of Covid-19, the local VC landscape experienced record investment and exit activity in 2019. This is according industry body, the Southern African Venture Capital and Private Equity Association's (Savca's) latest 'Venture Capital Industry Survey' report, which was launched during a webinar on September 17, with the findings presented by Venture Solutions senior management consultant Stephan Lamprecht.
High Court Judge Fayeeza Kathree-Setiloane will decide next week whether to grant the National Energy Regulator of South Africa (Nersa) leave to appeal her July 28 judgment, which found the regulator’s decision to deduct a R69-billion equity injection into Eskom from its allowable revenue for the period 2019/20 to 2021/22 to be illegal. Kathree-Setiloane also ruled that the full amount be added back over the coming three years and that the first R23-billion be added during the 2021/22 financial year.