VenFin and Vodafone have reached agreement on how to divide the 5% stake in cellular group Vodacom that they are buying from Hosken Consolidated Investments.
AST Group is shedding 350 jobs and is set to dispose of non-core businesses as part of a programme aimed at curbing losses.
IT distribution group Mustek has received all the regulatory approvals for the listing of its Taiwan depository receipts. Shareholders are being given the chance to cash in on the deal.
AST Group says it expects to report an attributable loss for the six months to 31 December.
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.
One of the most controversial regulations under the new Immigration Act is that two percent of a foreign employee`s taxable remuneration will have to be paid quarterly and in advance to the Department of Home Affairs.
The High Court has sanctioned the scheme of arrangement that will see Naspers simplify its structure by, among other things, delisting MIH Holdings from the JSE this week.
A strong performance by MTN helped telecommunications, media and entertainment group Johnnic Holdings almost double its headline earnings per share for the six months to end-September.
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
Dimension Data subsidiary Internet Solutions has reported a 59% increase in pre-tax profit and expects continued gains in market share and profit growth.
Net1 Applied Technology Holdings (Aplitec) company Cash Paymaster Services (Northern) has been awarded the Limpopo government tender for disbursing social pensions.
South African computer company Mecer is laying off 5% of its staff as part of an exercise to cut costs.
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
Internet Solutions (IS) has reported a 30% growth in turnover and a 59% increase in profit before tax for the period to end-September.
The JSE`s only IT listing of the year failed to generate much interest yesterday when Beget Holdings made its debut on the venture capital market.
OneLogix has issued a profit warning, announced the closure of one of its divisions and a rights offer to raise R10 million aimed at reducing its debt levels.