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South Africa

EOH reports big jump in full year earnings and profit

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Listed IT service company EOH has published its final results for the year ended July 2017. The company reported that annual revenue increased by 21% to R15.5 billion (from R12.8 billion previously) while gross profit grew to R5.1 billion (2016: R4.1 billion). Operating profit before interest and share of equity-accounted profits rose to R1.8 billion (2016: R1.4 billion), while profit attributable to owners jumped to R1.2 billion (2016: R0.9 billion). Headline earnings per share were higher at 832 cents per share (2016: 719 cents per share).

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Research: Unpacking Nigeria’s agriculture opportunities

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Growth in the urban population of Africa can potentially lead to a US$1tn regional market for African producers by 2030. Agriculture and food processing are vital for creating this $1tn industry. Food processing is any intentional change in food occurring before consumption. Changing consumer demographics related to lifestyle changes, urbanisation, and tourism is resulting in an increased demand for convenience and processed foods. However, Africa’s agriculture and agribusiness industry is underperforming, providing opportunities for investors to benefit from this huge market.

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PROFILE: Local boffin impresses Google

BY NAFISA AKABOR

What does it take to be called a Google developer expert? This local software developer has managed to attain that status. Rebecca Franks is Africa’s first female Google "developer expert", which is a term given to a recognised industry leader in certain Google technology who actively contributes to the community. She earned the status after a nine-month process of submitting a very detailed application, along with two rounds of interviews with a fellow "expert", and a "Googler".

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