Technology infrastructure and services company Faritec Holdings managed to reverse the losses reported at its interim period, although it reported a net profit of only R514 000 for the year to June.
QAD has announced a 24% increase in second quarter revenue to $56 million and a 41% growth in licence revenues to $15.8 million.
Banking Group Nedcor says it has been reducing its shareholding in Dimension Data and will continue to do so in a responsible manner.
The EC-Hold board has responded to shareholders` disgruntlement by tasking Deloitte & Touche with the review of all the transactions between EC-Hold and parent MGX Holdings since 1999.
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.
EOH has announced group revenue for the year to July of R176 million, a 54% increase from R114.3 million for the comparative period last year.
Barclays Private Equity has backed the lb35 million management buy-out (MBO) of PC POS.
Last week saw EOH`s acquisition of Atos KPMG and speculation re the arivia.kom/AST takeover.
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
Government has called for expressions of interest to acquire the 80.4 million MTN shares held by Transnet and the Transnet M-Cell Trust.
Enterprise-wide business systems specialist EOH grew headline earnings per share by 20% to 31.52c in the year to 31 July.
International high-speed wireless solutions provider Stratex Networks plans to acquire Cape Town-based Plessey Broadband Networks.
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
Compu-Clearing Outsourcing is targeting international growth after a year of what CEO Arnold Garber describes as exceptional cash flow generation and further liquidity improvement.
Rand strength has dented United Service Technologies` (Uniserv`s) interim earnings, although the value of the group`s only interest - its investment in US-based UTi Worldwide - has increased.
South African-founded iTouch, a London-listed mobile service provider, has reported a loss of lb1.8 million, a 67% improvement over the year-earlier period.