The group's turnaround strategy seems to be working as it reports half year earnings per share after reporting a loss per share a year ago.
Wayne Samson is leaving after 28 years with the company.
Ellies experiences the toughest period in its 30-year existence.
The company is moving from the black to the red in the first half of the year.
The group aims to raise R115?million to trim debt and fund working capital.
The listed company continues to experience challenges, but is confident its financial position will improve.
Headline earnings per share drops 40.9% in the first half of the year.
Open View HD's anticipated launch in October is expected to boost Ellies' satellite business.
The group wants to capture half the retail market for digital TV set-top boxes.