Harsh trading conditions in the ICT industry are showing signs of improvement, says UCS Group CEO John Bright.
Funding problems have scuppered Pinnacle Technology`s talks with a potential BEE equity partner.
The Insider Trading Directorate has closed its probes into share transactions in technology companies NetActive and Top Info Technology Holdings.
Strong performances by most of Altech`s operations in the year to February were offset by the effect of a strong rand on one of its subsidiaries.
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.
Black-controlled investment company Pamodzi is to acquire a 25.01% stake in Altech subsidiary Altech Data.
The MGX share price halved this morning after trade in the share resumed.
JSE-listed InfoWave Holdings saw its profit for the year to end-February fall by 17%.
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
This month sees two major ICT events in Gauteng: the METAmorphosis conference this week, and the Futurex exhibition and conference in two weeks` time.
S1 Corporation says it is set to triple its S1 Enterprise presence in Europe, the Middle East, Africa and Asia.
Internet security software group Symantec has reported a 72% increase in fourth quarter net income on the back of a larger than expected surge in revenue.
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
Symantec has announced fourth quarter revenue of $556 million, up from the $390 million of the comparative quarter last year.
Unisys has posted first quarter net income of $44 million, compared to $34.2 million for the comparative quarter last year.
PeopleSoft has announced first quarter revenue of $643 million and licence revenue of $131 million.