Reunert has delivered a robust earnings performance for the year ended 30 September 2015, despite a weak macroeconomic environment. Headline earnings per share (EPS) climbed by 16%, well ahead of revenue growth of 7%, it said on Monday. Headline EPS from continuing operations
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Growth in operating profit from continuing operations, coupled with additional proceeds from the sale of Nashua Mobile subscribers and interest earned on the full proceeds, have underpinned Reunert’s results in the six months ended March 2015
AppChat founder John Holdsworth has been denied leave to appeal against a judgment in his high-profile legal battle with Reunert, the JSE-listed company that bought ECN Telecommunications, a company he founded and led until 2011. The decision to deny
Outspoken AppChat founder John Holdsworth has challenged SA’s incumbent mobile operators to do away with peak and off-peak rates and adopt “pay-for-what-you-use” models. “Overage”, where operators charge higher out-of-bundle rates once contract users have exhausted their voice, SMS and data
Reunert subsidiaries Nashua ECN and Nashua Communications are to be merged on 1 October to create a new business with more than R1bn in annual revenues and 600 employees. The combined entity will trade under the name of Nashua Communications and will be headed by the current
Former Nashua ECN CEO John Holdsworth said on Monday that he would appeal against a judgment in the high court in Pretoria that found he had breached his restraint of trade and actively solicited employees and customers of his former employer in launching his new company, AppChat. On Friday, high court
AppChat founder and former Nashua ECN CEO John Holdsworth has lost a high court battle with ECN parent, the JSE-listed Reunert group. Judge Selby Baqwa found that Holdsworth breached his restraint of trade and actively solicited employees and customers of ECN in launching AppChat. In the 22-page judgment
AppChat, the up-start mobile virtual network operator and voice and data provider headed up by former ECN Telecommunications CEO John Holdsworth, will launch a “controlled pilot” on 15 November. The pilot, which will involve about
A date has been set for the court showdown between JSE-listed Reunert and John Holdsworth and his new company, mobile virtual network operator AppChat. However, the matter will only be heard in early August, more than two months after the parties had expected they would square off in front of a
Cell C CEO Alan Knott-Craig suggested this week that mobile termination rates (MTRs) — the fees mobile operators charge other players to carry calls onto their networks — should be reduced further after they are cut to 40c/minute in March next year. Knott-Craig told