Author: Staff Reporter

EOH said on Monday that its shares went into freefall last week, tumbling to as low as R26.55, because of the forced sale of shares by financial institutions against equity-financed transactions to various individual

Former BCX CEO Isaac Mophatlane has joined the board of Crossfin, a financial technology investment business that has taken stakes in a number of businesses, including Innervation, WiGroup, Emerge Mobile (including iKhokha

South African streaming television specialist Discover Digital is cutting the prices of its packages on its Digital Entertainment on Demand (DEOD) platform and adding new Hollywood content, it said on Monday. DEOD

Teraco Data Environments has completed its Bredell facility in Johannesburg. Described by the company as Africa’s first “hyperscale data centre”, the site, on Gauteng’s East Rand, has over 24MW of power and 6 000sq m of

Amazon Web Services, the cloud division of Amazon.com, may build data centres in South Africa, according to a report published on Sunday. The company plans to switch on an “AWS Direct Connect” service in Johannesburg and Cape Town this

The aggressive selloff in EOH shares continued on Friday morning, with the counter shedding another 41% to reach lows last seen six years ago, well below R30/share. Friday morning’s plunge follows a 34.7% decline on Thursday

EOH’s share price plunged more than 45% in intraday trading on Thursday, though industry analysts polled by TechCentral don’t know why it tumbled so precipitously. The company did not to respond to a request for comment

Two of the biggest players in online travel in Africa are hooking up. Travelstart said on Wednesday that it is acquiring a majority stake in SafariNow.com, which it said is South Africa’s largest accommodation booking website

In its annual assessment of the cabinet, the Democratic Alliance has given poor grades to the ministers of communications and telecommunications & postal services. South Africa’s largest opposition party scored telecoms

Altron chief financial officer Alex Smith will step down at the end of February 2018 to take up the same role at Net1 UEPS Technologies. Smith had been at Altron for 12 years. Smith replaces Herman Kotze as CFO