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1:10
Vodacom
Jan 17, 2003

Option reaps R945.2m for VenFin

Investment group VenFin raised R945.2 million from a put option in Richemont depositary receipts. It has used the money in part to pay for the 1.5% stake in cellular service provider Vodacom from Hosken Consolidated Investments.

Staff Writer
1:10
MTN
Jan 16, 2003

MTN satisfied with sale

Cellular network operator MTN Group has withdrawn a cautionary notice, saying it is satisfied that the sale of Transnet`s 18.7% stake in the group will not have an adverse effect.

Staff Writer
1:00
Taiwan
Jan 16, 2003

Mustek to list in Taiwan next week

Computer manufacturer and distributor Mustek`s Taiwanese listing has been scheduled for Monday.

Mustek
4:00
Telkom
Jan 16, 2003

Hefty earnings rise for Telkom

Telkom has reported a hefty 76.5% increase in interim headline earnings per share, which bodes well for its listing in Johannesburg and New York before the end of next month. However, key questions remain about the listing.

Telkom
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.

2:10
Funding
Jan 16, 2003

MagentaSoft opts for 'angel` funding

An "angel" has invested an undisclosed sum for a minority holding in online print procurement and fulfilment service provider MagentaSoft.

MagentaSoft
1:00
Guidance
Jan 16, 2003

Lexmark expects increase in Q4 revenue

Lexmark International anticipates a fourth quarter revenue growth rate of up to 6% over the comparative period the year before.

Lexmark International SA
2:10
Acquisition
Jan 15, 2003

Progress to acquire eXcelon

Progress Software has signed an agreement to acquire eXcelon, a provider of XML tools and data management software, for $24 million in cash.

Progress Software SA
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

1:00
JSE
Jan 15, 2003

Finger-trouble boosts Connection share

The Connection Group share surged 53.5% to 330c as a result of finger-trouble this morning. However, the JSE says the buyer will have to live with his mistake.

Connection Group
2:20
Comparex
Jan 14, 2003

Comparex empowerment deal imminent

Comparex is hoping to make a decision on its black economic empowerment programme before March. It also plans to replace share option scheme trustees who are driving an investigation into possible concert party activity related to last year`s boardroom coup.

Iain Scott
1:20
UCS
Jan 14, 2003

UCS presses on with share buyback

Software solutions and outsourcing services group UCS has spent another R6 million on buying back its own shares, leaving 10.14% of the original share capital still outstanding.

UCS Group
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

1:20
Northpark
Jan 14, 2003

Tradek to delist in March

Online broker Tradek`s JSE listing was suspended this morning after minority shareholders accepted an offer from Northpark Trading 47. The share will be delisted in March.

Iain Scott
1:40
Enterasys
Jan 13, 2003

Enterasys drops deeper into the red

Global data networking infrastructure provider Enterasys Networks has reported a $13.7 million net loss available to common shareholders for the first quarter of fiscal 2002. However, it says things are looking up.

Staff Writer
1:30
Altech
Jan 13, 2003

Prism outlines rights offer details

Prism Holdings has announced the details of its rights offer aimed at raising almost R35 million.

Prism Holdings Limited
 
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