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Telkom boots DiData off Alsi 40

Newly listed telecoms utility Telkom is to replace networking services group Dimension Data on the JSE`s top 40 companies list after trade closes today.

Another loss for Intervid

Digital solutions and managed services provider Intervid has incurred an interim net loss of R36.3 million, slightly worse than the year-earlier loss of R35.5 million.

Pockets of hope amid the gloom

Last year was, for the ICT industry, the toughest in the past 40 years, says John Gantz, chief research officer and senior VP of research group IDC. But not all is doom and gloom.

Vodacom steers VenFin to profit

VenFin has turned in a R588 million interim net profit, thanks mainly to its stake in cellular network operator Vodacom.

LG Premium service

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.

Rand strength knocks Grintek

Telecommunications and electronics group Grintek has reported a 65% plunge in its earnings for the half-year to December 2002, blaming the performance on "the conundrum" of the rand.

Vesta report held up by audit

Vesta Technology Holdings, which has been warned by the JSE to submit its annual report, says the delay resulted from its audit not yet being completed.

Vesta warned after missing deadline

The JSE has given Vesta Technology Holdings until the end of this month to publish its annual report or have its listing suspended.

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

Faritec says loss is temporary

Faritec Holdings, a JSE-listed mid-range technology infrastructure and services provider, says it expects a profitable financial year despite reporting a loss for the six months to December 2002.

Shuttleworth is UK`s richest under-30

South African billionaire Mark Shuttleworth has another notch on his belt as he has been listed as the wealthiest under-30 in the UK by a British newspaper.

Paul Vecchiatto

Telkom lists at R28

Telkom`s JSE debut got off to a shaky start this morning, listing at R28 a share, more than 16% lower than the bottom range initially envisaged by the government. The first trade, at R29, was more positive, but from there it moved steadily downwards.

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

Idion returns to profitability

Idion Technology Holdings, fresh from fighting a hostile takeover bid, has fulfilled its promise of achieving a return to headline profitability in the year to 31 December.

Idion Technology Holdings

Compu-Clearing targets offshore growth

JSE-listed Compu-Clearing Outsourcing says a period of exceptional cash flow generation positions it well for growth in the international arena.

Weekly overview

A tender point

There is growing resentment of public sector tenders that preclude local brands from bidding.

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