Datatec has issued a trading update warning that it will report a loss, citing the rand`s appreciation, a higher effective tax rate and difficult trading conditions as reasons.
With the situation in Iraq currently quiet, nothing stands in the way of Telkom`s listing, due Tuesday. But this may be the calm before the storm, depending on how heavily discounted Khulisa shares are allocated.
Some interesting insights into the Budget were provided at Deloitte & Touche`s new format information/discussion workshops on this year`s Budget held last night and this morning.
Technology holding company UCS Group is to repurchase up to 11.5% of its issued share capital from its staff share trust for more than R16 million.
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.
Enterasys Networks has reached an accord with the US Securities and Exchange Commission (SEC) through which it settled an investigation initiated by the SEC last year.
Financial managers and payroll administrators in non-compliant employers will become an extinct species, if the 2003 Budget is anything to go by, says Deloitte & Touche.
The Finance Minister Trevor Manuel has in his Budget address to the Nation again re-stated the importance of VAT and estimated the projected income from this source at R80.7 billion.
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
Ethos Private Equity's new venture capital technology fund, Ethos Tech Fund 1, has made its first investment, leading the management buyout of information solutions provider INGO Information Solutions.
The listing of Telkom would have been a nightmare had the market still been relying on the posting of share certificates to investors applying for Telkom shares, says Strate CEO Monica Singer.
Progress Software SA has reported an overall revenue growth in excess of 55% over its three-year operation as a subsidiary company.
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
Staffware says its preliminary results for the 12 months ended 31 December show a lb2.6 million profit before tax.
DigiCore Holdings, the JSE-listed fleet management and management information systems company, expects international expansion to diminish the influence of local market fluctuations.
The SA Revenue Service (SARS) has in recent days signalled a new approach with regards to the inclusions when calculating the SDL levy.