Bloomberg South Africa’s biggest cities are preparing to source their own power after the energy ministry this month approved letting them wean themselves off the state utility that’s subjected cities to outages for the past 13 years. Johannesburg and Cape Town, which have a combined population of about 10 million people, plan to diversify away from the electricity produced mainly …

Bloomberg Rolls-Royce Holdings Plc shareholders backed a 2 billion-pound ($2.6 billion) equity raise, a key step towards shoring up the British engine maker’s finances to outlast the Covid-19 pandemic. Investors voted 99.5% in favour of the rights issue, according to a statement. Their support means Rolls-Royce can access a further 3 billion pounds of funds, through a bond sale and …

Bloomberg EasyJet Plc sold more jets to aircraft lessors, raising almost $400 million to pad its finances against a surge in Covid-19 cases that’s pushed a travel recovery into next year. The UK discount airline said it sold nine Airbus SE A320 jets in two transactions, and will lease the planes back for almost 10 years, according to a statement. …