{"id":25045,"date":"2012-10-25T09:03:52","date_gmt":"2012-10-25T07:03:52","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=25045"},"modified":"2012-10-25T13:16:43","modified_gmt":"2012-10-25T11:16:43","slug":"hogg-steps-down-from-ailing-moneyweb","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/25045\/hogg-steps-down-from-ailing-moneyweb\/","title":{"rendered":"Hogg steps down from ailing Moneyweb"},"content":{"rendered":"

Alec Hogg<\/a>, the CEO of Alt-X<\/a> listed media group Moneyweb<\/a>, has resigned his position as an executive director of the\u00a0company.<\/p>\n

Hogg will remain on the board as a non-executive director. Paul Jenkins<\/a> will perform the\u00a0role of executive chairman until a further announcement is made by the board, in this regard, the group said in a statement on Thursday (25 October).<\/p>\n

In mid September, Moneyweb Holdings announced a headline loss of R3.72 million for the 15 months ended 30 June 2012, from a prior loss of R2.91 million for the 12 months ending March 2011.<\/p>\n

The group cited significant investment programmes over the past few years for the loss, including a substantial investment in applications.<\/p>\n

The group reported a basic and diluted headline loss per share of 3.49 cents for the 15 months ended 30 June 2012, from 3.06 cents for the 12 months ending March 2011.<\/p>\n

Revenue for the reporting period improved to R44.851 million, from R35.367 million before, while Moneyweb reported a net loss for the period of R4.079 million, from a prior loss of R3.76 million for the 12 month period in 2011.<\/p>\n

\n

Related articles<\/strong><\/p>\n

Moneyweb hit by apps costs<\/strong><\/a><\/p>\n

Digital advertising to grow as print sinks<\/strong><\/a><\/p>\n

Digital the \u201cnew normal\u201d for media firms<\/a><\/strong><\/p>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Alec Hogg, the CEO of Alt-X listed media group Moneyweb, has resigned his position as an executive director of the company.<\/p>\n","protected":false},"author":9,"featured_media":22316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4449,26,1847],"class_list":["post-25045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-alec-hogg","tag-headline","tag-moneyweb"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=25045"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25045\/revisions"}],"predecessor-version":[{"id":25051,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25045\/revisions\/25051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/22316"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=25045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=25045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=25045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}