EOH Holdings said in an investor update on Wednesday that it turned in a “resilient financial performance” in its third fiscal quarter and that it’s returned to a stable and cash-generative position.
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At Wednesday’s antitrust hearing, Facebook CEO Mark Zuckerberg is set to tell the US congress his company is an American success story crucial in winning an Internet arms race against China. TikTok’s CEO is already striking back.
Toyota is set to produce its first “hybrid synergy drive” (petrol-electric) car on the African continent at its plant in Durban, as part of a R2.5-billion investment in a new production line.
Google and Samsung Electronics are negotiating a major deal that would give Google products more prominence on the South Korean company’s smartphones.
The JSE has publicly censured listed technology services group EOH Holdings over past financial reporting errors and imposed a R7.5-million fine – R2.5-million of which is suspended for five years.
Spotify said on Wednesday that music streaming demand had rebounded from the coronavirus-related weakness it saw at the start of the quarter and its paid subscribers reached 138 million.
The lead independent non-executive director of EOH Holdings has resigned from the board a year after being appointed and five months after taking the lead directorship role.
André de Ruyter, the CEO of South Africa’s debt-stricken state power utility, is navigating a political minefield as he collects overdue debt, reduces electricity theft and bolsters revenue.
CES, the biggest global technology and gadget show, held every January in Las Vegas, will be online only in 2021 due to concerns over the coronavirus pandemic.