Kagiso Trust has acquired a 27% shareholding in Bytes Technology Group`s South African operations in an empowerment deal valued at R228 million.
A subsidiary of JSE-listed Y3K Group has made two acquisitions worth R6.95 million in total.
Control Instruments had a good year, with net profit more than doubling to R18.7 million.
Hasmukh Gajjar has been appointed deputy CEO at JSE-listed Faritec Holdings.
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.
Izazi, a consulting and financial services IT solutions provider, has sold a 25% stake in its business to the Mineworkers Investment Company.
Fleet management solutions provider Digicore is to repurchase up to 40% of its shares.
Last week saw executive changes at Dimension Data, and Michael Dell relinquishing the CEO position at Dell.
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
Ascential Software has announced fourth quarter licence revenue of $30 million, up from $18.8 million in the comparative quarter last year. [Local Ascential rep: CenterField Software]
Aqua Online has announced the long-awaited date of its delisting from the JSE.
JSE-listed Aplitec has published a strong set of financial results for the half-year to 31 December.
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
Datatec subsidiary Westcon could raise up to $115 million through its planned Nasdaq listing.
Intelsat has reported revenue of $952.8 million and net income of $181.1 million for the year ended 31 December 2003.
Grintek has reported a 12% increase in earnings and a slight decrease in headline earnings for the six months to 31 December.