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1:30
Financial Results
May 21, 2003

Spescom increases interim revenue

Spescom has posted revenue of R186 million for the interim period ending 31 March, a 20% increase from the R154 million posted in the corresponding period last year.

Spescom
3:00
Acquisition
May 20, 2003

BEE consortium acquires CSS Distributors

CSS Distributors says a black economic empowerment (BEE) consortium has acquired a controlling interest in the company.

1:30
IST
May 20, 2003

IST gets serious about acquisitions

Technology group IST has accelerated its expansion drive, tasking each of its divisions with bringing at least one acquisition opportunity to the table.

IST-1
1:40
Financial Results
May 20, 2003

Embarcadero increases Q1 income

Embarcadero has announced first quarter net income of $896 000, compared to net income of $653 000 for the comparative period last year.

Embarcadero Africa
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.

1:20
MGX
May 19, 2003

EC-Hold sells Magic SA to former executives

EC-Hold has disposed of Magic SA in a management buyout involving former EC-Hold CEO Amir Lubashevsky and former MGX CEO Chris Hills, among others.

Iain Scott
7:30
Weekly overview
May 19, 2003

Dell defies economic trends

Last week saw good financial results from Dell that defy most trends, as well as the Johnnic unbundling.

Paul Booth
14:20
Basel Accord
May 19, 2003

Banking`s own Y2K?

Basel II can be seen as the banking sector`s Y2K as it is an immense project with global scope, significant technology implications and a strict deadline. So how do South African banks plan to meet the challenge?

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

2:40
Dimension Data
May 15, 2003

DiData incurs $7m operating loss

Dimension Data, which has reported an interim operating loss of $7.04 million before exceptional items and a net loss of $194.85 million, has done everything needed to return to profitability, says executive chairman Jeremy Ord.

Dimension Data South Africa
1:30
AST
May 15, 2003

AST secures R60m loan

A group of stakeholders has granted troubled AST Group a R60 million loan facility. AST says most of its interest-bearing debt will also be rescheduled as part of a plan to recapitalise the company.

Iain Scott
1:00
May 14, 2003

Mustek rating upgrade

CA-Ratings has upgraded the existing credit rating assigned to Mustek Limited. Its new rating symbol indicates that Mustek is now viewed just above the cusp termed investment grade in credit terms on the SA national scale.

Mustek
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

1:40
Financial Results
May 14, 2003

Ascential reports Q1 revenue growth

Ascential Software has announced first quarter revenue of $35.3 million, a 70% increase from $20.8 million for the comparative quarter last year. [Local rep: CenterField Software]

CenterField Software
1:40
MTN
May 13, 2003

Johnnic to unbundle R7b MTN shares

Johnnic Holdings is unbundling about R7 billion worth of MTN shares to its shareholders, who will receive just over three MTN shares for every Johnnic share they own.

Iain Scott
2:30
Financial Results
May 13, 2003

Altron buoyant in weak market

JSE-listed Altron`s revenue rose 15% to R11.4 billion for the year to 28 February, despite global recessionary market conditions, rand strength and downturns in the IT and telecoms sectors.

Iain Scott
 
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