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Ellies pulls the plug on its manufacturing unit

Hurray: The government is at last pushing ahead with the final switchover from analogue to digital terrestrial television (DTT) — almost six years after missing the June 2015 deadline. It’s too late for JSE-listed Ellies Holdings though, which had been counting on DTT and the aerials it could provide and is now cutting off financial assistance to its ailing manufacturing division. That’s a precursor to liquidation after it failed to find a buyer for the business. After shifting deadline...
South Africa South Africans Cyril Ramaphosa Ellies Electronics Ellies Industries Ellies Holdings

Ellies to shut down manufacturing arm, blames TV migration delays

Ellies to shut down manufacturing arm, blames TV migration delays Ellies CEO Shaun Prithivirajh 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. Ellies Industries manufactures and distributes satellite dishes, terrestrial aerials, TV brackets, mounts and shelving solutions. “Arrangements will be made to ensure uninterrupted supply of these products to our customers,” t...
Shaun Prithivirajh Ellies Electronics Ellies Industries Cnellies Group

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