Gartner has made chilling predictions about the future of the IT industry in the next two years.
The three institutional shareholders at the centre of last year`s boardroom coup at Comparex will not have to make an offer to Comparex minorities.
Global supply chain management group UTi, 30% owned by JSE-listed Uniserv, has bought a South African pharmaceutical logistics provider for $40 million.
EC-Hold`s auditor has closed its investigation into dealings with parent MGX.
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.
MTN Group`s after-tax profit soared by 168% to R2.13 billion in the six months to 30 September. This is the first time its after tax profit has exceeded that of rival operator Vodacom.
Investment company Trematon`s will in future have as its only investment a direct stake in UK-listed Intec Telecoms Systems.
Central securities depository Strate has named three new directors.
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
EC-Hold`s prospects are uncertain and the group says it might opt for a voluntary liquidation.
A Cricket World Cup contract helped multimedia communications company Stella Vista improve its net loss for the year to 31 August.
MGX has admitted that it almost collapsed this year, and says it will restructure, change its name, and terminate its JSE listing.
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
Elexir Technology Holdings continues to struggle, with after-tax profit dropping by 58% to R1.89 million in the year to August.
Storage solutions company Maxtec`s after-tax loss deepened and its auditors have raised a matter of emphasis relating to the company`s ability to continue as a going concern.
JSE-listed Reunert has experienced a drop in full-year headline earnings per share as a result of losses at associate company Siemens Telecommunications (Sietel).