Grintek`s half-year earnings will be significantly lower than in the previous year as a result of the strengthening of the rand.
Softline has announced a 46% increase in revenue to R337 million for the six months to September.
Softline has benefited from its investment in Australia, with operations there being the main driver of the group's growth in the six months to September.
Reunert has grown headline earnings per share by more than 25% for the fifth consecutive year.
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.
Spescom Software has announced total revenue for the fourth quarter of $1.9 million, compared to $1.8 million for the comparative period last year.
Spescom's US subsidiary, Spescom Software, achieved break-even on an earnings before interest, tax, depreciation and amortisation basis in the fourth quarter of its financial year.
Storage company Maxtec has been hurt by a competitive trading environment driven partly by various original IT equipment manufacturers entering the storage solutions market with branded hardware.
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
IT services and solutions provider Paracon is expected to announce soon that a black empowerment company has acquired a stake in the company.
Last week saw former Compaq CEO Michael Capellas appointed as chairman and CEO of WorldCom, while Telkom caused controversy with its latest tariff hikes.
Of the 201 executive directors of JSE-listed IT companies, only three are black. In addition, previously disadvantaged individuals own less than 10% of IT companies` equity.
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
Vodafone says it wants a portion of Hosken Consolidated Investments` 5% stake in Vodacom and VenFin will buy the balance.
Elexir Technology Holdings achieved a profit in its latest financial year, although its auditors have indicated that it could still be exposed to significant demands on its cash resources.
Bidvest has come out fighting in its annual report, attacking the business regulatory environment and government`s stance on Zimbabwe, AIDS and black economic empowerment. However, the group does praise government for its monetary and fiscal discipline.