Ellies has unpacked in detail how shifting customer behaviour hurt its 2022 financial results and why it’s gearing up to pivot the business in a new direction.
South Africans are increasingly choosing streaming over satellite TV, Ellies Holdings said on Friday, blaming this in large part for the group swinging to a full-year loss.
MTN Group had a barnstorming 2021. The telecommunications group, despite its size, was the best performer among technology shares in South Africa last year.
Elliot (“Ellie”) Salkow, the founder of Ellies Electronics, is one of the most prominent industry leaders we lost this year.
Shares in JSE-listed electronics group Ellies Holdings plunged as much as 44% on Friday after it issued a weaker-than-expected trading update.
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JSE-listed Ellies Electronics has decided to apply to the high court for the liquidation of its manufacturing subsidiary, Ellies Industries, which employs 148 people.