One of the JSE’s longest-surviving technology companies has been placed into voluntary business rescue.
Browsing: Ellies
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Ellies Holdings has been given the green light to buy Bundu Power, a deal it said is critical to its turnaround plans.
Perennial underperformer Ellies has warned it will splash more red ink over its income statement.
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Ellies Holdings has announced plans for a rights offer, seeking to raise R120-million from investors.
Ellies Holdings cautioned investors on Wednesday that it is in negotiations about potential acquisitions in the solar and renewable energy sectors.
Ellies Holdings said on Monday that it will embark on a “formal consultation process” with employees under the Labour Relations Act.
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.