The capital investment over the next five years will reposition the network operator as a provider of converged ICT solutions.
The Department of Safety and Security alone has allocated R1.3 billion to computer services.
While some stand to benefit, most channel companies are experiencing a cash squeeze, says Channel Capital.
Its long-term outlook is a lot more positive than it appears in the public domain, says the company.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Earnings per share could be as much as 60% down, it says.
The small budget allocation from National Treasury forces the agency to revisit its plans.
The Altron chairman sells another 900 000 shares in his portfolio-balancing exercise.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
ICT is hidden in the budget documentation, but appears not to have the importance to warrant a mention.
The state-owned entity will have to up its broadcasting signal revenue as government slashes funding.
The agencies will only receive government funding increases of 6% and 5.5% respectively.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
Trevor Manuel's proposals aim to minimise the potential distortional impacts on growth and employment.
The levy is aimed at supporting demand-side management, as well as long-term protection of the environment.
The state-owned entity receives the funding for its long-delayed national wireless broadband network.