Online bank 20Twenty has asked its clients to be patient as it continues in its attempts to survive.
Vision Solutions, the US arm of JSE-listed Idion Technology Holdings, is positioning itself to extend its offerings into Africa.
IT supplier Mustek performed strongly in the year to June, increasing its net profit by more than 300%. Headline earnings shot up by 75%.
Comparex announced an MBO for its European operations last week and the MB Technologies` MBO deal was revised downwards to an offer of 110c per share instead of the 140c per share originally proposed.
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.
Telkom is looking to sell off the bulk of its property, including its R100 million network operations centre and more than 1 000 other sites, before its listing. This is standard business practice, the company says.
Square One Solutions Group has achieved a turnaround, reporting a R3.36 million attributable profit for the six months to 30 June.
Trade in MB Technologies shares was halted yesterday after the price plunged ahead of an announcement that a due diligence exercise had resulted in a lower valuation.
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
The Comparex board, recently reconstituted after a boardroom coup, has decided to protect the group`s cash by selling the loss-making European operations to management.
Local spread trading pioneer Global Trader 247 has opened its first "Euro-office" in Dublin, aimed at the spread trading-savvy Irish retail investor.
The Global Technology (Glotec) share tumbled 10.5% yesterday ahead of a warning that it will report a decline in attributable profit.
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
The Insider Trading Directorate has opened two new investigations, one into trade in shares of IT company Rectron.
LiquidAfrica, the African stock market trading platform, has acquired Fin-X, a company providing back-office integration for straight through processing (STP), from Global Technology (Glotec).
Dimension Data`s Singapore-listed subsidiary, Datacraft Asia, has seen its share price plunge as concerns mount over a probe by Singapore`s commercial affairs department.