Mustek has continued its share buyback programme, acquiring another 2.6 million of its own shares for R12.03 million.
Marinus van Sandwyk has bought programming training company Luso Computer Institute from founders Rui de Oliveira and Jeanne Jollivet for an undisclosed amount.
The JSE is to launch a new alternative exchange to allow small to medium enterprises (SMEs) to list and raise capital. The move could also allow the JSE to broaden its base.
Business battles were the order of the day, with PeopleSoft and Oracle, and SCO and IBM butting heads last week.
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.
Telkom has reported better-than-expected results for the year to end-March, with headline earnings per share of 314c far exceeding consensus forecasts of 286c a share.
Ray Leonard has resigned as CEO of Global Technology with immediate effect, although he is planning to buy the group`s banking division.
MTN has almost caught up with Vodacom in terms of financial performance, according to its latest year-end results released last night.
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
The market is awash with talk that a third buyer is about to enter the bidding for JSE-listed Softline, driving the group's share price higher than the proposed offers by two consortiums currently eyeing the group.
Cellular network Vodacom increased its revenue by 22.5% to R19.78 billion in the year to 31 March and is looking to boost that even further.
MGX says it will continue to implement the recovery plan drawn up by former advisor FRM Strategies, including selling off various subsidiaries.
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
Patrick Bultema, CEO of FrontRange Solutions, has resigned to pursue personal interests.
Troubled MGX`s bankers have extended the group`s R100 million loan facility and have agreed to a refinancing plan.
Summit TV is introducing e-mail and SMS alerts to notify viewers of the live broadcast of company results, Summit`s new daytime offering.