Despite a good performance in its ICT segment, Reunert experienced challenging trading conditions in the first half of its 2020 financial year, with its Electrical Engineering segment adversely impacted.
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MultiChoice Group has signed agreements with Netflix and Amazon.com to offer the companies’ streaming services through its next-generation Explora personal video recorder decoder.
MultiChoice Group has reported a 14% improvement in trading profit to R8-billion for the year ended 31 March 2020, despite a tough economic environment and the growing threat of Netflix.
South African business confidence has plunged due to the impact of the coronavirus pandemic, with companies even more pessimistic now than at the height of disinvestment during apartheid.
Ride-hailing giant Uber Technologies has rolled out Uber Cash in South Africa to encourage contactless payments amid the Covid-19 crisis.
The move will have multiple negative ramifications for Intel’s chip business. The most obvious is the direct impact of losing revenue as the sole processor supplier for Apple’s PC line.
EOH shares rallied by almost 62% at their peak on Tuesday after it said it was making good progress in dealing with debt and was coping well through the Covid-19 lockdown.
EOH Holdings said in an update to shareholders on Tuesday that it’s weathering the Covid-19 economic storm, with its financial performance remaining “resilient” in the quarter ended 30 April.
Hasso Plattner, the co-founder of German enterprise software giant SAP, has donated R100-million to South Africa’s Solidarity Fund.
Apple is preparing to announce a shift to its own main processors in Mac computers, replacing chips from Intel, as early as this month at its annual developer conference.