Real Africa Holdings almost tripled its headline earnings per share for the six months to end-September, helped partly by a special dividend from one of its investments.
IT services and solutions group Vesta Technology Holdings expects a return to profitability in the next year.
Enterasys Networks has restated its results for the 10 months to 29 December last year to reflect the correction of an accounting discrepancy.
Turnaround specialist Peter Flack, who took the helm at MGX this morning, says no action will be taken at the company until January at least.
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 completed its restatements and filed its annual report with the US Securities and Exchange Commission.
Local IT companies wanting to export their technology products need to be aware of the many challenges they face before embarking on an export programme, says PricewaterhouseCoopers.
MTN Group`s African operations have been turned around, helping the cellular network group achieve a surprising 91.5% increase in interim headline earnings per share.
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
MGX has reconstituted its board and initiated a strategy review. CE Chris Hills has taken extended leave and director Aletha Ling has resigned. The group has also issued a profit warning.
Technology and infrastructure services group Faritec Holdings has warned that its interim results will be below those of the year-earlier period.
Women Investment Portfolio Holdings (Wiphold) increased its headline earnings to 2.2c a share in the six months to August, compared with a headline loss of 0.1c in the year-earlier period.
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
Last week saw Datatec and Dimension Data report losses, while controversy over the second national telecoms operator continued.
Tradek CEO Paul Theron has resigned his post after a change of control at the online broking firm.
A profitable second half for Spescom failed to keep the information and communications technology group out of the red for the year to September. But the group predicts a good year ahead.