The Altron Group has delivered a strong set of interim results despite a global downturn in the telecommunications and IT markets.
Last week saw many profit warnings ahead of the quarterly results that are due in heavy numbers this week.
FrontRange Solutions` share price lost almost 10% this morning in the wake of yesterday`s withdrawal of a cautionary notice that had analysts speculating about a potential buyout.
BMC Software, one of the world`s largest systems management groups, and MGX expect to benefit significantly from BMC`s purchase of Remedy from the failing Peregrine.
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.
Business solutions provider Enterprise Outsourcing Holdings (EOH) achieved solid growth in the year to 31 July, reporting a 27% rise in headline earnings per share on the back of a 36% increase in turnover.
Dimension Data has bought the business of 3fifteen, the business solutions company formed after a management buy-out from Datatec in March last year.
Jasco Electronics is paying its shareholders a dividend and says it will retain its JSE listing despite the high costs involved.
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
Technology company Allied Technologies (Altech), part of the Altron group, is on an acquisition trail after reporting solid growth for the interim period to 31 August.
Prism has advised shareholders that the company has entered into a heads of agreement with Allied Technologies (Altech), in terms of which Prism will dispose of its shares in and shareholders` claims against PTSS to Altech.
A deal in which Dimension Data will pay R294 million to Worldwide Africa and issue it with 42.4 million shares as part of a 1998 agreement shows how the market has declined, an analyst says.
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 major reshuffling of the boards at AST, Dimension Data and Spescom.
A survey of medical schemes by Alexander Forbes found that 50% of schemes enjoyed an operating profit in 2001, up from 40% in 2000.
Aqua Online Holdings is considering delisting from the JSE in the wake of significant full-year losses and weak prospects going forward.