More than half of all JSE-listed tech and telecoms stocks have fallen in value over the first six months of 2017.
Huge Group and Blue Label Telecoms top the list of best performing stocks, while Ellies and Mustek's share prices took a beating.
Ellies has successfully placed all the shares it offered in a bid to raise capital, but has still to settle some loans.
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 Financial Services Board probes allegations of insider trading and market abuse against three ICT companies.
Mike Levitt retires from the board and is replaced by chartered accountant Irwin Lipworth.
The listed company continues to experience challenges, but is confident its financial position will improve.
A move to the cloud might be industry's only lifeline, says Rodney Taylor, MD of Itec Communications.
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.