Real Africa Holdings has increased its full-year headline earnings per share by almost 400%.
Telkom SA`s offshore shareholder, Thintana Communications, is selling half of its 30% stake.
Last week saw the multinationals agreement in principle and the setting up of a committee to identify the issues and challenges surrounding the equity shareholding requirements in the ICT empowerment charter.
While Vodacom and MTN`s results were on a par last year, MTN is now pulling ahead in terms of profit.
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.
It has been a good year for cellular network operator MTN Group, which is paying its shareholders 41c a share after post-tax profit soared to R4.3 billion.
MTN Group has reported a net profit of R3.7 billion. The group`s annual results were released last night.
EOH`s delay in making an offer for CSH is causing market uncertainty.
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
Flextronics will acquire a 55% stake in Hughes Software Systems, a provider of software to telecoms infrastructure companies.
Progress Software has announced first quarter revenue of $86.4 million, up from $71.8 million for the comparative quarter last year.
Datatec`s Logicalis subsidiary has sold its Australian and New Zealand operations to IBM for $66 million in cash.
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
Telkom has declared a final dividend of 110c a share to shareholders for the year ended March 2004.
VenFin is going ahead with its offer to buy out Intervid`s minority shareholders.
Telkom plans to reduce its employee numbers by up to 10% a year.