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.

South African blockchain-based renewable energy start-up Sun Exchange has raised R50-million from a company backed by one of the country’s richest businessmen.

Pele Green Energy plans to expand its wind and solar projects in Africa after raising capital with the help of Investec, the South African and UK specialist bank.

Promoted | Continuing the recent discussion with iOCO executive head of cloud Richard Vester, TechCentral is joined by Amazon Web Services principal developer advocate Sébastien Stormacq to explore the brave new world of hyperscale computing.

Life Healthcare said on Tuesday that its Southern African operation was hit by a cyberattack affecting its admissions systems, business processing systems and e-mail servers.

TSMC hopes to keep supplying Huawei Technologies but is confident its other customers can replace any business lost because of tightening US curbs on China’s largest tech company.

South Africa’s programme to halt the coronavirus is being thwarted by a global shortage of tests and a lack of capacity to process those that have been administered.