Reunert Limited has acquired a 31.7% stake in CS Holdings.
Canada`s DataMirror, which engaged in a hostile takeover bid for locally listed Idion last year, may trigger a mandatory offer to Idion minority shareholders.
Synergy Holdings has reported a 26% increase in net after-tax profit for the six months to August, albeit off a low base.
JSE-listed Jasco Electronics has posted a loss for the six months to 31 August.
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.
Allied Electronics Corporation (Altron) increased headline earnings per share by 10.1% in the half-year to August, although revenue and operating profit were both down by more than 18%.
IST Group is in the final stages of evaluating two prospective targets for acquisition.
The second national operator (SNO) process is expected to start moving forward this week.
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
Accenture has reported an 87.5% increase in diluted earnings per share for its 2003 fiscal year.
Staffware says its sales revenue for the third quarter of 2003 was lb8.3 million, a 3% increase compared with the third quarter of 2002.
Altech CEO Craig Venter has expressed surprise at the Competition Commission`s negative recommendation on the NamITech acquisition. The group will oppose the recommendation and continue other acquisition talks.
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
Idu Software, the software development arm of the Cape-based idu Group, has reported a 300% growth in software licence revenues for its August year-end results.
Banking group Nedcor has completed the disposal of its 103.1 million shares in Dimension Data.
EC-Hold is expected to report a full-year headline loss per share at least 30% worse than that of its previous financial year.