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Etion sees decline in fibre to homes and offices

JSE-listed digital technology group Etion on Thursday (13 August) reported a decline in revenue for the year ended March 2020, while extending its losses and citing a slump in demand for installation of fibre to homes and offices in South Africa.

5 important things happening in South Africa today

If there’s a move to lockdown level 2, industry players haven’t heard of it; South Africa may be exhibiting Covid-19 herd immunity in very localised areas; load shedding is back on Thursday – and the country’s power crisis may get a lot worse; and the Reserve Bank sticks to its guns on its mandate.

Rich South Africans see political climate as key risk

South Africa’s Rand Merchant Bank, the investment banking arm of FirstRand Ltd, has been appointed as an adviser to help the government assess offers for stakes in its insolvent national airline, according to two people familiar with the situation.