The Gauteng Provincial Government plans to establish an SMME agency and portal to help develop this sector in the region.
EMC has completed its acquisition of network systems management software developer Smarts for approximately $260 million in cash.
Telkom`s Khulisa shareholders are to receive a total of about R98 million in free shares.
The Y3K share rose yesterday after the company forecast a 900% increase in full-year headline earnings per share.
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.
Swedish group Saab is offering to buy out Grintek minorities at 190c a share.
Pinnacle Technology Holdings more than doubled profits in the six months to December.
SurfControl has announced second quarter revenue of $24.7 million, compared to $21.2 million for the comparative period the year before. [Local rep: Networks Unlimited]
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
Labat Africa is shedding a non-core business responsible for 58% of the entire group`s debt.
AST Group is asking its shareholders to vote on its empowerment deal and name change.
Telecoms dominated again last week, with the Verizon win for MCI dominating the international scene and the second national operator/Tata announcement taking centre stage locally.
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
Brainier Capital and Consulting MD Brian Rainier says there`s a prevailing "cautious optimism" in local business circles.
Following the ouster of former CEO Carly Fiorina, HP has posted its quarterly results, showing generally improved profitability.
Mustek shares rose yesterday on news that the company is expecting at least a 420% increase in interim headline earnings per share.