Telkom directors` salaries and fees amounted to R60.16 million in the year to end-March, according to the group`s annual report.
Local IDS Scheer reseller Collaborative Process Integration says IDS Scheer has posted a half-year profit of 8.5 million euro.
The Softline share surged this morning after news that UK-based Sage Group has made a firm offer to buy the company at R2 a share.
The continuing operations of CCN Holdings, formerly NetActive, incurred a loss of R4.9 million in the year to 30 April.
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.
Interconnective Solutions has benefited from its restructuring into a telecommunications service provider, moving into profit for the year to 30 June.
Hyperion will buy business intelligence software company Brio for $142 million. [Local Hyperion rep: Global Technology Business Intelligence]
Datatec subsidiary Westcon has secured a $175 million working capital facility to finance its North American operations.
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
Zaptronix has reported a net loss of R11.05 million for the year to 30 April, but says it has subsequently reached break-even point.
Affinity Logic shareholders have reached agreement for the sale of 100% of Affinity to UCS Group.
GBI and KPMG have joined forces to host a half-day financial conference in Fourways on 6 August.
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
Bytes Technology Group (BTG) has acquired Optitek, a company specialising in the design and implementation of data storage, archive and retrieval systems.
The merger of Strate, the Universal Exchange Corporation and the Central Depository has been signed, creating a single electronic settlement house for the country.
Logical has sold its French operations to a consortium of investors that include the current management.