The ICT sector is expected to start spending again in 2004, which should bring some semblance of 'normality` returning to this sector - a welcome relief after another tough year.
Global Technology has struck a deal with its financiers to restore the group`s solvency.
Swedish group Saab is to acquire a 21% stake in JSE-listed technology group Grintek.
Aptronics has acquired 51% of Cape Town reseller In Touch to extend its market reach in the region.
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.
Y3K has posted a profit for the six months to end-August, but it is not out of the woods yet.
EMC expects to complete its acquisition of Documentum on 18 December, subject to the approval of Documentum shareholders.
UTi, 30% owned by JSE-listed United Service Technologies, has reported solid third-quarter growth.
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
Avaya has acquired the assets of Expanets from NorthWestern Corporation.
Budgeting should be about managing the future performance of a company, not its history. By their very nature, company results fall into the realm of what is past, and have little real impact on future performance.
Arivia.kom has backed off from making an offer to buy JSE-listed AST, saying the deal would not be in the interest of its own shareholders.
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
Grintek and Saab have acquired engineering systems solutions company Metatek.
The resignation of Andile Ngcaba, director-general of the Department of Communications, had everyone in the industry talking last week.
The technology sector has seen a tumultuous year, packed with liquidations, mergers and acquisitions, restructuring, delistings and high-level resignations.