Ellies blunder that cost it millions
Load-shedding has presented Ellies with a tremendous opportunity to increase its revenue and profit significantly, but it failed to capitalise on Eskom’s failure to provide reliable power effectively.
Ellies was established in 1979 by Ellie Salkow as a...
Nokia TV launch in South Africa delayed
The South African launch of Nokia's TVs has been delayed until February 2022 due to various challenges faced by the distributor, Ellies.
Ellies had previously said that Nokia Smart TVs and other TV products would launch in South Africa before the end of...
Nokia TVs coming to South Africa
South African electronics company Ellies says it will launch Nokia Smart TVs and other TV products in the country before the end of the year.
The products are made by StreamView, a company that designs, develops, and manufactures official Nokia-branded smart...
Ellies shows profit
Ellies Holdings Limited has released its results for the year ended 30 April 2021, reporting a profit of R30.4 million for the year — up from a loss of R196.1 million in the previous financial year.
"The newly structured and repositioned Ellies has produced a solid set of...
Ellies pops after BEE deal
The Ellies share price jumped by 50% after concluding a Broad-Based Black Economic Empowerment (B-BBEE) agreement with Imvula Education Empowerment Fund Trust, valued at R18.5 million.
The transaction will see Imvula take up just over 185 million ordinary shares in...