Naspers’ Takealot suffers big loss

Naspers’ most significant e-commerce business locally is online retailer Takealot which suffered a loss of $13 million (R223 million).

SAA

SAA’s future up in the air

The future of South African Airways (SAA) remains uncertain after being run inefficiently and accumulating huge losses for years.

Eskom

Eskom 2021 loss rises

Eskom Holdings SOC Ltd. restated the company’s reported loss for the 2021 financial year to 25.3 billion rand ($1.5 billion).

Eskom

Eskom bomb threat averted

Eskom announced that a suspect linked to a bomb threat directed at the company’s chief operating officer has been arrested.

Eskom

Cash-strapped Eskom can’t pay for diesel

SA government said it’s urgently seeking funds to buy diesel needed to fuel auxiliary power plants after Eskom said outages will intensify this week.

Transnet

Transnet sabotage costs SA billions

Transnet Freight Rail is investigating suspected sabotage along its main coal line costing SA a billion rand per day, the Sunday Times reports.