South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of rolling blackouts, pointing to Europe’s pivot back to the use of fossil fuels as evidence of the constraints of using green energy.
South Africa is forging ahead with a plan to create a new state-owned power company by converting three coal-fired plants into gas-burning generators to ease the nation’s energy crisis.
Oil headed for a third monthly drop, the longest declining streak in more than two years, on prospects for slower global growth as central banks tighten policy and China presses on with its Covid Zero strategy.
As investors fled high-flying tech stocks this year, they turned to old-school companies such as computer maker Dell Technologies Inc, offering growth at a much cheaper price. Now that trade is running out of steam.
Oil climbed to the highest since late July as fears of production outages in Libya that would exacerbate a global energy crunch.
South Africa’s governing party is likely to win the country’s next national elections in 2024 even as its support slips further in major cities, a survey showed.
Walmart Inc plans to take Massmart Holdings private and will promote the unit’s chief operating officer to head of the company as it prepares to renew its focus on South Africa.
NASA is about to take the first step on its journey to return people to the moon by the end of the decade. If all goes well, a massive uncrewed rocket will lift off from Kennedy Space Center on Monday…
Netflix Inc is considering pricing its new advertising-supported tier at $7 to $9 a month, half as much as its current, most-popular plan, which costs $15.49 monthly with no commercials.
South Africa’s African Bank will buy lender Ubank, potentially adding as many as 4.7 million retail customers and expanding its operations as it seeks to list on Johannesburg’s main stock exchange.