The Securities Regulation Panel (SRP) is to serve legal papers on MGX in a bid to force it to comply with a ruling it made two years ago on MGX`s acquiring of EC-Hold.
Jasco Electronics Holdings has warned that the strengthening of the rand has affected the performance of its telecommunications division, which traditionally accounts for 60% of operating profit.
SA is becoming the hi-tech gateway to Africa, although the ICT skills shortage makes skills development a priority, says Altron chairman Bill Venter.
With the Internet hype now over, businesses in SA are starting to use the Web to operate more efficiently, says Johnnic Digital CEO Neil Jacobsohn.
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.
JSE-listed Intervid, whose CEO and two directors left in April, is to be restructured into two businesses. It has also warned that lower sales will have a worse than expected effect on its financial results.
Jasco has appointed three new members to its board after becoming a black-controlled entity in its deal with Community Investment Holdings.
Cognos has announced first quarter revenue of $150.6 million, an increase from $120.1 million for the comparative period last year.
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
FTSE 100 company Sage Group is considering making an offer to buy Softline for at least 180c a share, far in excess of the two existing proposed bids.
FrontRange`s US subsidiary has secured a $6 million revolving line of credit from Silicon Valley Bank, even though it already has significant cash resources.
Dave Butler, chairman of Global Trader 247, discusses what the weak dollar means for global markets and for SA.
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
Johnnic Communications` digital interests, held mainly through Johnnic e-Ventures, has achieved a 35% increase in full-year revenue and a 111% rise in earnings before interest, tax, depreciation and amortisation.
A new European Union (EU) tax law could pose a significant challenge for South African businesses that provide digitally downloaded services in the EU.
Palm has reported fourth quarter revenues of $225.8 million, down 3.2% from $233.3 million reported during the same quarter a year ago. However, the company says the year ended with favourable momentum in every key metric.