Last week saw local reports of losses, mediocre results and profit warnings.
Business software developer Emsoft has restructured to allow the distribution of shares to staff and black empowerment partners.
Mustek is to dispose of half of the shares and loan accounts in some of the investments in its technology investment portfolio.
Bidvest has narrowed the focus of its loss-making networking solutions provider, I-Fusion.
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.
FrontRange, the CRM company facing a challenge from Microsoft, says it has achieved a promised turnaround despite losing over R250 million for the year to end-June. However, it is not bursting with optimism for 2003.
MGX`s chickens came home to roost this year as the number and complexity of the deals it became involved in weighed on its year-end results by swallowing profits from the operations that performed well.
Paracon is forging ahead with its acquisition of the resurrected Software Futures from MGX after completing a due diligence exercise.
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
Cyberhost is working out a compromise with its creditors in a bid to restore the company to solvency.
It will be a sad day when 20Twenty supporters have to go back to the grey face of business and bureaucracy that awaits them as clients of traditional banks.
Online trader E-Data says it is closer to a deal which will see a reverse takeover by John Daniel Containers.
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
Dimension Data has warned that a slow quarter for subsidiary Datacraft Asia will affect its gross margins.
Education and IT staffing group Advtech has reported strong growth thanks to a restructuring programme aimed at restoring control.
Alexander Forbes says Pieter van Niekerk has been appointed as a non-executive director to the board of Alexander Forbes Limited, effective 16 August.