Metrofile Holdings has arranged to refinance R320 million in debt and aims to issue shares of R135 million to cover other liabilities.
Shareholders with fewer than 100 shares will receive R12.40 a share if they sell their stocks, says Bytes Technology Group (BTG).
SAP expects second quarter 2006 software revenue to be EUR621 million, an 8% increase compared to the second quarter of 2005.
EMC has reported its 12th consecutive quarter of double-digit revenue growth.
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.
Treasury & Risk Management magazine has named John Kopcke, CTO of Hyperion, as one of the 100 most influential people in finance. [Local rep: Intellient]
MTN has extended its offer to Investcom shareholders, until further notice.
Paracon has bought back 3% of its shares on the open market.
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
The $495 million acquisition of NetIQ is complete, says Attachmate.
Transnet "got out at the top of the market" in dumping its stake in mobile operator MTN, it says.
Cell C has dismissed a report saying it stands to be the biggest loser from mobile number portability (MNP).
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
DataPro has implemented its acquisition of Definity Telecommunications.
TIBCO Software has posted total revenue of $121.2 million for the second quarter of fiscal 2006.
Fujitsu Services has posted profit before tax of lb154.3 million for the year ended 31 March.