Adapt IT, pressured by a collapsing share price and a sub-optimal balance sheet, is reviewing its capital structure with a view to reducing its gearing – or the proportion of its debt to equity.
Author: Duncan McLeod
Duncan McLeod
Duncan McLeod is founder and managing editor of TechCentral. With more than 30 years of experience in technology journalism, he has worked for and contributed to a range of publications, including the Financial Mail, the Sunday Times and the Financial Times.
JSE-listed software services group Adapt IT has reported a 35% decline in headline earnings per share despite a 10% increase in revenue for the six months to 31 December 2019.
One of South Africa’s highest-profile politicians is quitting Twitter, describing the social media site as an “evil platform” that has “degenerated into a platform for irrationality and mob-lynching”.
Shares in software services company Adapt IT plunged 20% on Monday after it warned shareholders after markets closed on Friday that its interim earnings would take a beating.
Teraco will complete work on the first phase of a massive new expansion to its data centre campus in Isando, east of Johannesburg, by the middle of the year and is looking to complete a second phase by year-end.
In this episode of the podcast, TechCentral interviews Teraco CEO Jan Hnizdo about the data centre operator’s massive expansion of its Johannesburg data centre campus.
Just three months after Google launched its free public Wi-Fi initiative, known as Google Station, in South Africa, the Internet giant is backing out of the business worldwide.
Shares in technology distribution group Alviva Holdings tumbled more than 25% in intraday trading in Johannesburg on Friday after it shocked investors with a profit warning.
Chinese telecommunications giant Huawei will launch upcoming flagship smartphones in South Africa, even though they don’t have access to Google Mobile Services, the company said on Friday.
Even when South Africa has completed the switch-off of analogue television broadcasting signals as part of the long-delayed broadcasting digital migration project, the spectrum may still not be available for broadband operators.