Shares in EOH Holdings plunged by as much as 34.3% in Johannesburg on Tuesday morning after news emerged late on Monday that Microsoft had terminated two partner agreements with the JSE-listed technology services group.
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Listed technology services group EOH Holdings issued a statement to shareholders at 1.41pm on Tuesday, providing an update on the termination by Microsoft of its channel partner agreement.
EOH Holdings has said the potential loss of partner agreements with Microsoft South Africa within the next 30 days won’t have a material impact.
South Africa’s struggling power utility started a third day of power outages, blaming issues including failures at two huge new power stations that are also the main source of the company’s massive debt.
The pay-television broadcaster, which will list on the JSE later this month, has revealed all the price adjustments to its DStv bouquets, which will take effect on 1 April 2019.
Shares in Mustek climbed in early trade on Tuesday after the ICT company said it expects headline earnings per share to rise by as much as 25% in the six months ended 31 December 2018.
Communications regulator Icasa said on Tuesday that it is naming its new head office in Centurion, Pretoria after the divisive former minister of communications, Ivy Matsepe-Casaburri.
Two new coal-fired power plants being built in South Africa are “badly designed and badly constructed”, public enterprises minister Pravin Gordhan said on Tuesday.
South African-born customer engagement company Clickatell has appointed former First National Bank CEO Michael Jordaan and other heavyweights to its board, it said on Tuesday.
Naspers on Tuesday warned South Africans about a scam, in which criminals are trying to dupe people out of their money using the company’s name.