Top 5 News | Ramaphosa’s reshuffle, big tech’s big layoff, power crisis triggers water crisis, and more…

President Cyril Ramaphosa. Image via GCIS.

Yes, big tech stopped the headcount

(Financial Mail) — As big tech behemoths doubled down on the hiring spree that was only spurred on by Covid-19 they failed to adequately read the market, which has resulted in the mass round of layoffs we see in many of the world’s largest tech companies. READ MORE.

ANC resolution on SOEs would defeat Ramaphosa’s reform agenda

(News24) — What are the chances that the ANC national executive committee will finally make a decision on what the future of state-owned enterprises will be? Carol Paton asks the question in her latest column. READ MORE. (for subscribers)

How Ramaphosa’s cabinet reshuffle plans are unfolding

(Business Day) — ANC deputy president Paul Mashatile is due to be sworn in as a member of parliament this week, which would pave the way for him to take over as deputy president of South Africa. READ MORE. (for subscribers)

Power crisis triggers water cuts in Johannesburg

(Daily Investor) — Ongoing load-shedding in SA’s economic hub, Johannesburg, is disrupting water pumping operations in the city, which has resulted in a shortage of water. The City of Cape Town faces similar issues. READ MORE.

Australia’s nuclear safety agency joins hunt for radioactive capsule

(Daily Maverick) — Australia’s nuclear watchdog said it had joined the search efforts to locate a missing radioactive capsule, which is believed to have fallen off the back of a truck in west Australia last week. READ MORE.

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