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3:10
Acquisition
Jun 5, 2003

Baan sold to investment group

Invensys has approved the sale of Baan to an investment group consisting of Cerberus Capital Management and General Atlantic Partners. [Local Baan rep: Softworx]

Softworx
4:40
Financial Results
Jun 5, 2003

Arivia.kom increases year-end revenue

IT solutions provider arivia.kom has posted a 25.4% increase in revenue for the year ended 31 March.

arivia.kom
2:20
Acquisition
Jun 5, 2003

Blick acquires Impro Systems

Blick SA, a subsidiary of the UK-owned global Blick group, has acquired Cape-based Impro Systems for an undisclosed amount.

Warstreet Marketing
2:10
Arivia
Jun 5, 2003

Arivia.kom plans to 'conquer Africa`

Arivia.kom, which yesterday reported a 141% increase in full-year net income, says it wants to expand from its South African base and "conquer the entire continent".

arivia.kom
02:08
LG Premium service
Aug 17, 2022

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.

1:00
Sifikile
Jun 5, 2003

MB Technologies in empowerment deal

A black economic empowerment consortium has acquired a 35% stake in MB Technologies company Storage Technology Services for an undisclosed sum.

MB Technologies
1:10
FrontRange
Jun 4, 2003

FrontRange lifts US stake to 100%

JSE-listed FrontRange now owns 100% of its US-based subsidiary, FrontRange Solutions, after the US company bought back the remaining 4.8% stake held by minority shareholders.

Iain Scott
1:20
Rubico
Jun 4, 2003

Rubico applies for liquidation

One-time high-flyer Rubico has reportedly closed down its operations and applied for liquidation.

Iain Scott
04:36
Financials
Aug 4, 2022

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

1:50
Pension
Jun 4, 2003

You may be owed money, says new firm

Benefit Recovery Services, launched in Johannesburg last night, has used its self-developed IT systems to help recover R3.5 million in unclaimed benefits for about 600 beneficiaries. And that was just during a test phase.

Iain Scott
2:30
Jun 4, 2003

Possible Peresys MBO from parent Peregrine

The management of Peresys, the IT arm of financial services group Peregrine, is angling to buyout the business after its parent posted poor results for the past financial year.

Paul Vecchiatto
3:20
PeopleSoft
Jun 3, 2003

Who will distribute PeopleSoft?

PeopleSoft`s $1.7 billion acquisition of JD Edwards has piqued the interest of industry observers in SA, where the relationship between JD Edwards and the local PeopleSoft distributor is far from amicable.

PeopleSoft
01:28
News Video
Feb 26, 2022

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

2:30
WDB
Jun 3, 2003

Paracon improves empowerment profile

Paracon`s talks with WDB Investment Holdings have borne fruit, with WDB acquiring 25% of the company in a deal worth about R48.3 million. Paracon has also reported a 73% decline in interim after-tax profit.

Paracon
4:30
Financial Results
Jun 3, 2003

Alexander Forbes posts year-end profit

Alexander Forbes has announced a trading profit of over R1 billion for the 12 months ended 31 March 2003.

Alexander Forbes
1:40
CS Holdings
Jun 2, 2003

CS Holdings warns of lower earnings

CS Holdings has warned that its full-year headline earnings per share will be substantially lower than those of the previous financial year.

Iain Scott
 
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