EOH Holdings financial director John King has resigned. King announced his decision to leave the business at the group’s annual results presentation in Sandton on Wednesday.
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Stephen Van Coller, EOH Holdings’ new CEO, said he will use a R1-billion cash injection from a stake sale to black investors to pay for acquisitions and decrease the group’s bank debt.
The most troubled year in EOH’s history has ended, with the JSE-listed technology services group reporting a loss of R104-million, down from a profit of R1.2-billion in 2017.
Microsoft has upgraded three of its Surface computers, unveiled wireless over-ear headphones and released software to better integrate its devices with iPhones and Android phones.
Standard electricity users will bear the brunt of the R32.7-billion the state-owned power utility can recover in unbudgeted costs incurred in the 2014 to 2017 financial years.
JSE-listed Alaris Holdings said on Tuesday that is has entered into an agreement to acquire US-based mWave Industries, which develops custom and commercial microwave antenna solutions.
Fibre infrastructure provider Metrofibre Networx is getting into the Internet service provision game.
Netflix is about to let you decide how your favourite show will end. The streaming service is developing a slate of specials that will let viewers choose the next story line in a TV episode or movie.
Institutional investors are becoming more involved in the $220-billion cryptocurrency market than many observers may realise.
MTN Group, facing a combined $10-billion in claims from Nigerian authorities, has said it may no longer seek to raise capital through an initial public offering on the country’s stock exchange.