JSE-listed technology group iOCO is stepping up its share repurchase programme, acquiring a further 2.34 million ordinary shares between 29 November and 31 December 2025, at prices between R3.98 and R4/share. The total value of the latest buybacks was R9.4-million, excluding transaction costs. The repurchased shares are being held as treasury shares. Since the programme…
A Telkom communications tower in Pretoria Telkom released its interim results for the six-month period ending 30 September 2025 on Tuesday. On the surface, the headline number is exceptionally strong: the group’s headline earnings per share from continuing operations reached 305.6 cents, while group revenue rose to R22.1-billion. For a company that has spent years…
Ioco Limited has reported a return to profitability for the financial year ended 31 July 2025, marking a decisive turnaround after three years of losses. The technology group credited its improved performance to an operational reset, disciplined execution, and a more focused business structure. Group CFO Ashona Kooblall For the first time, Ioco generated enough…
The turnaround at iOCO – the JSE-listed technology services company previously known as EOH Holdings – continues, with the group now even considering acquisitions to help fuel growth in the years ahead. iOCO reported headline earnings per share of 40c in the 2025 financial year, which ended in July 2025, an improvement from the loss…
Mustek CEO Hein Engelbrecht JSE-listed technology distributor Mustek has delivered an improved bottom line in the year to 30 June 2025, even as group revenue fell sharply in a challenging economic environment. The company credited disciplined cost control and tighter working capital management for the rebound in profitability. The results marked a significant turnaround from…
Dado Ruvic/Reuters Nvidia has announced it will invest US$5-billion in Intel, throwing its heft behind the struggling US chip company weeks after the White House engineered a deal for the US government to take a massive stake in the company. Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the…
iOCO co-CEOs Rhys Summerton, left, and Dennis Venter A turnaround at IT services group iOCO – previously EOH Holdings – is gathering pace. The group said on Tuesday in a trading update to investors that it expects to swing to positive headline earnings per share for the year ended 31 July 2025 when it reports…
Blue Label Telecoms is exploring a JSE debut for Cell C as part of a broader restructuring plan. (Photograph by Lesley Moyo) The proposed separate listing of Cell C, South Africa’s fourth-largest mobile operator, on the Johannesburg Stock Exchange (JSE) could mark a pivotal moment for the debt-laden telco. It has potential to cut its…
Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip-Bu Tan presented a blueprint for a more cost-disciplined, streamlined chip maker that would issue “no more blank cheques”. The job cuts —…
Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024. Jakub Porzycki | Nurphoto | Getty Images As Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with promises to add more seating inside cafes and promote internally. Since CEO…
