The JSE is investigating suspicious trading in FrontRange shares ahead of a cautionary notice issued on Monday.
Tal Harpaz, joint-CEO of JSE-listed e-commerce company Aqua Online, has resigned as the company begins to move part of its UK operations back home.
Retirement fund portfolio managers have practically abandoned new technology stocks and have embraced the traditional safe haven of gold over the past 12 months, according to Absa Consultants and Actuaries.
FrontRange Solutions has met its promise to achieve an operating profit in the fourth quarter of its financial 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.
US technology companies suffered another bashing yesterday following the release of lacklustre results. The tech-heavy Nasdaq index has fallen below levels last seen in October 1998 and South African IT stocks are following them down.
While WorldCom has intimated that it is unwilling to sell UUNet, the local Internet service provider has received numerous offers and management says it would be irresponsible of the US parent not to consider serious offers.
Analysts are speculating that there may be a buy-in at FrontRange after the group said in a cautionary notice yesterday that it is in talks.
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
With WorldCom filing for bankruptcy, there will undoubtedly be a local impact, although it is difficult to predict what this will be.
CCI Holdings, formerly Y2KTec, is optimistic about the future after reporting a R1.46 million headline profit in its first interim period since a reverse listing.
MTN says it is not looking to sell off its crown jewels to cover Nigerian debt or to take on Telkom, but is still talking to the Reserve Bank about moving money offshore.
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
Sonny Fisher has resigned as CEO and director of JSE-listed Y3K, embarking on a new career as a software dealer.
Merger discussions between the central depositories Strate and Unexcor are still in the infancy stage, with the corporate finance teams of the shareholders compiling the valuations of both companies.
MB Technologies shares were trading 5.6% up on the JSE this morning after news of a proposed management buyout.