The Datacentrix share lost 13.7% on the JSE yesterday after the group reported a small dip in interim earnings.
The Competition Commission has recommended the proposed merger between Allied Technologies (Altech) and NamITech be prohibited, and has referred the case to a higher level.
Datacentrix has announced cash generated from operations of R43 million for the six months ending August.
AST received applications representing 63.07% of the rights shares offered in terms of its recent rights offer.
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.
The Datatec share lost 7% in early trade this morning after the group warned that rand strength would result in lower earnings.
Last week saw the release of a host of local financial results, ranging from mediocre to excellent figures.
JSE IT shares were left out of the fuss generated by the rand`s strength against the dollar this week, as the sector grappled with its own set of problems.
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
IT service provider Infowave Holdings has reported a marginal increase in turnover for the six months to 31 August.
A worse than expected performance from its UK operations saw Bytes Technology Group`s revenue dip in the six months to 31 August.
Bytes Technology Group (BTG) has announced a R77 million operating profit for the six months ended 31 August, down from R79 million for the comparative period last year.
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
Software Futures has appointed Arthur Brown as its transitional MD following its buyout from MGX.
The Connection Group has announced headline earnings of 68.7c per share for the 15-months to August.
Aqua Online's initial distribution to shareholders will be less than initially expected as a result of delays and unforeseen costs related to the group's plan to delist from the JSE.