Ellies has entered voluntary business rescue. The company has been under pressure for a while, with its mainstay business closely tied to the fortunes of DStv’s satellite service. It has tried to reposition as a smart infrastructure business offering alternative energy, water storage and harvesting, connectivity and smart home technology solutions. But with the proposed purchase of Bundu Power falling through (its bankers advising that it will not provide the debt funding), Ellies resolved it would be in the best interest of the group to commence with voluntary rescue.