CCN Holdings` offer to buy minorities` shareholdings opened this morning ahead of the company`s planned delisting from the JSE.
Telkom`s share price tried to regain some lost ground today, after Vodacom`s withdrawal from its controversial Nigerian cellular foray.
The Infowave board has approved a change in the role of its chairman, Ralph Collis, who moved into a non-executive role from this morning.
Interconnective Solutions` (Isolution`s) expectations at the interim stage appear to have been optimistic, with the group now warning that its full-year operating profit will be less than expected.
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.
The semi-conductor industry downturn and rand strength have led to Labat Africa`s first trading loss.
Information security solutions provider Y3K Group says it will remain dependent on financiers and creditors unless proposed acquisitions are approved.
Restructuring has led to a headline loss of 0.64c a share at JSE-listed Elexir.
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
Durban-based Intervid looks set to become a wholly owned subsidiary of fellow JSE-listed group VenFin.
Last week saw Iocore sell-off its SAP and Oracle divisions, and Deutsche Telekom`s $2.5 billion mobile network deal in the US.
Stella Vista Technologies moved into loss-making territory in the six months to 29 February as revenue plunged by 80% and lack of working capital hampered international expansion.
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
EDS has completed the sale of UGS PLM Solutions to a group of three private equity firms for $2.05 billion.
Vesta Technology Holdings has reported a 68% decline in its profit for the six months to end-February.
Datatec has reported a turnaround in operating profit for the year to 29 February. The group`s headline loss per share is also smaller than that of the previous year.