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20Twenty clients unable to deposit at Saambou

Clients of online bank 20Twenty will no longer be able to deposit their money at Saambou branches from the end of this month. They are to be informed about changes within days.

Y3K sales staff breathe again

Y3K Group has backed down on threats to retrench its entire sales department in a bid to cut costs.

Comparex strategy still under review

The reconstituted Comparex board has yet to complete its review of the group`s businesses, causing it to extend the cautionary notice it issued on 27 June.

What Datatec pays its directors

Datatec CEO Jens Montanana earned almost R10.22 million in the group`s latest financial year.

LG Premium service

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.

Cisco figures boost DiData

Dimension Data`s share price received a fillip after its supplier, networking giant Cisco, released better than expected fourth-quarter figures.

Dimension Data South Africa

Idion counts cost of hostile bid

Idion reported interim headline earnings of 0.5c a share on continuing operations. But fighting off DataMirror`s hostile takeover bid proved costly.

Idion Technology Holdings

AST fails to meet market expectations

AST`s share price tumbled on the JSE this morning after shareholders were warned that the group`s full-year results would be below market expectations.

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

Weekly overview

Mega deal, more accounting scandals

Last week saw IBM`s $3.5 billion purchase of PwC Consulting, and more financial scandals coming out of the woodwork.

Prudential Securities signs Global Licence for PFS TraderTools technologies

PFS TraderTools LLC (PFS), has signed a licence agreement with Prudential Financial, to utilise PFS`s DS2000 Publish-Subscribe messaging technology as well as their patent pending technologies, Trillian, worldwide.

Fundtech achieves SWIFTReady gold status for payments

Fundtech Ltd, a leading provider of global electronic payments, settlement and cash management solutions, announced that it has received SWIFTReady 2002 Gold accreditation for its PAYplus payments solutions.

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

Young chief rings changes at Y3K

Ryan Price, who recently became the youngest CEO of a JSE-listed company, is changing the Y3K Group`s business model, focusing on the technical side and putting pressure on the sales team.

New Comparex board must perform, say fund managers

Allan Gray and Investec have warned the new Comparex board of directors that if their strategy does not meet the expectations of shareholders it will be reconstituted again.

Paul Vecchiatto

Interconnective aims to turn corner

Interconnective Solutions says although it is still not profitable, it has completed its restructuring and is taking advantage of opportunities to help it turn the corner.

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