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.
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Intel shares jumped the most since March after a research report stoked optimism about its delayed next-generation manufacturing technology and sent rival AMD tumbling.
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.
Tesla has posted a surge in electric-car deliveries that could prove pivotal to earning an elusive profit and overcoming a series of distracting missteps by CEO Elon Musk.
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.
Telecommunications & postal services minister Siyabonga Cwele has fired the board of government’s troubled universal access agency Usaasa, TechCentral has learnt.