JSE-listed technology group Altron has cut its final dividend by 24% to 55c/share to preserve cash amid the economic upheaval created by the Covid-19 pandemic.
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SAP co-CEO Jennifer Morgan, appointed in October to the top executive post alongside Christian Klein, will abruptly leave the German software company at the end of April.
Debt-laden EOH Holdings is disposing of its remaining 30% interest in Construction Computer Software in an effort to further deleverage its balance sheet.
In ordinary times, they moved among us largely unnoticed. Now we can’t get enough of them. The Covid-19 pandemic has thrust once-anonymous IT support workers into a new role: corporate saviours.
EOH Holdings reported a 21.8% decline in total revenue to R6.4-billion in the six months to 31 January 2020, but losses decreased as it said it was making headway with its turnaround plan.
EOH Holdings is poised to slash employee salaries by as much as 20% in an effort to stave off a potential Covid-19 lockdown-induced crisis at the JSE-listed IT services group.
JSE-listed technology group Altron looks set to list its UK subsidiary, Bytes Technology Group, in an effort to further unlock shareholder value.
In this podcast, Altron CEO Mteto Nyati talks to TechCentral’s Duncan McLeod about the group’s decision to explore the unbundling and listing of its Bytes UK subsidiary on the London Stock Exchange.
EOH Holdings expects to reduce its headline loss per share by at least 47% in its latest reporting period, the JSE-listed IT services group said on Thursday.
Exclusive | Dimension Data is pulling the plug on two of its biggest brands, Internet Solutions and Britehouse, in a major restructuring exercise aimed at putting the IT services group back on a solid growth footing.