There has been much speculation circulating about Sun Microsystems and its possible acquisition by a major company such as Dell, HP or IBM.
Solution provider T-Systems SA has sold its 18% stake in Lechabile Holding, the black empowerment technology company it helped establish in 1998. The stake was sold back to Lechabile for R3.5 million.
AXS-One has announced first quarter revenue of $9.4 million, up from $9.1 million for the comparative quarter last year.
Trydian Interactive is proud to announce the successful completion of its first major contract with Nedcor, one of South Africa`s biggest financial institutions.
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.
Rubico shareholders are investigating possible rescue plans for the beleaguered company, but may have to put it into liquidation if other alternatives prove unsatisfactory.
Business solutions provider M-Five Software has acquired 100% of Navision reseller Vari-Vision for an undisclosed sum.
Bytes Technology Group (BTG) shrugged off the continued slack demand for IT products and services to achieve a 14.2% increase in headline earnings per share for the year to 28 February.
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
Bytes Technology Group (BTG) has announced an increase in its year-end revenue from R2.34 billion to R3.03 billion.
Financial services IT spending is flat in real terms as the industry has to face up to new challenges posed by a number of new regulations while continuing to maintain current systems.
Reunert says the volatile rand took its toll on the electronic group`s growth, despite a good performance in the six months to end March.
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
At a time of collapsing world markets, Contracts for Difference (CFD) trading continues to flourish.
IT services company InfoWave Holdings has reported a profit of R5.94 million for the year to 28 February, up 30.9% from the previous year. Turnover climbed 7% to R28.79 million.
Allied Technologies (Altech) is to acquire NamITech from Nampak for R559.3 million. The announcement was made last night as Altech released a strong set of year-end results.