Prism chairman Nigel Matthews says while he is certain of the group`s prospects, stakeholders will watch the next few reporting periods carefully to see whether its recovery is complete.
Overall IT spending has bottomed out, and 2004 and 2005 will see a minimum of strong single-digit growth over 2003 levels, according to international research firm Gartner.
Maxtec`s loss for the year to 31 August is likely to be 10% to 30% worse than that of the previous year.
Set Point Technology Holdings has reported a marked drop in attributable earnings for the year to 31 August, but has declared a dividend nonetheless.
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.
IT services group Vesta Technology Holdings achieved a turnaround in the year to 31 August.
Cornastone has acquired 26% of the equity in eCentric Switch.
Unisys has generated $114 million of cash from operations for its third quarter, compared to $57 million for the comparative quarter last year.
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
Global Trader 247 is offering a spread trading and a contract for difference execution service to its private and institutional clients.
Computer Sciences Corporation (CSC) has announced second quarter revenues of $3.59 billion.
Last week saw the Comparex Africa/Business Connexion empowerment deal as well as some movement on the SNO front.
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
Sage Group has been given the green light to acquire accounting software company Softline, in what Softline describes as one of the biggest foreign IT investments into SA in the past year.
The Sage Group has completed its acquisition of Softline following Competition Commission and Exchange Control approval.
Comparex Africa and Business Connexion Solution Holdings are to merge to form a black-empowered ICT company with annual revenue of more than R3 billion.