PC group Mustek achieved an 18.6% increase in net profit for the year to 30 June despite just a 5.3% rise in revenue. The group has declared a final dividend of 25c a share.
Vector Capital Group has successfully completed its acquisition of Corel.
IT stocks led gains on the JSE yesterday, with the index closing 5.13% up as the Dimension Data and Datatec shares surged.
CCI Holdings CEO Michael Purves has resigned after holding the post for just more than a year.
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.
Vodacom`s Mozambique announcement and the SNO news stole most of the ICT headlines last week.
Dan McMahon has resigned from the MGX board following his acquisition of MGX Storage Solutions.
JSE-listed Intervid has appointed caretaker CEO Mark Taylor as its permanent CEO.
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
Once it does recover, the IT sector is not going to see the kind of growth experienced in the 1990s, says Datatec CEO Jens Montanana.
The entire board of JSE-listed Casey Investment Holdings has resigned and staff have been told the company does not have enough money to pay their salaries for this month.
EC-Hold`s extraordinary meeting where shareholders would have voted on a forensic audit, among other things, was adjourned this morning.
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
The Softline share rose by 4c to close at 195c yesterday as the disposal of the group to UK-based Sage Group looks set to go ahead.
Novell has announced third quarter revenues of $283 million, compared to $282 million for the comparative quarter last year.
Prism Holdings has announced year to June revenues of R304 million and cash-in-hand of R24 million.