Local WorldCom subsidiary UUNet maintains it is not financially dependant on its US parent, and says it is "business as usual" for its local operations.
JSE-listed holding company Johnnic has grown its revenue by 42% for the year to March, after disposing of the bulk of its non-core assets. The company will also continue its drive into Africa.
Dimension Data has had a tough time lately. Among other things, the share price on the JSE has lost almost 55% since the beginning of the year.
MIH Holdings increased its earnings before interest, taxation, depreciation and amortisation by 291.6% in its latest financial year, although its headline loss per share increased by 13%.
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.
Altech says it will seek other alternatives to enhance its black empowerment profile after a proposed deal with Labat Africa was called off.
Institutional investors in Comparex have succeeded in ousting five of the group`s non-executive directors.
The battle over the ownership of Idion shares registered to the Vlok family is continuing, with the case postponed to August, although the family is still entitled to vote at Idion`s annual general meeting (AGM).
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
Last week saw boardroom "squabbles" at Comparex, and further developments in the DataMirror/Idion takeover saga.
JSE-listed supply chain management and logistics fulfilment services company OneLogix has sold wholly owned subsidiary X Press Net (Expressnet) to Dieseltrans for just over R3 million.
Softline has appointed The IQ Business Group as its technology partner in the launch of an SMS messaging service for its Pastel Accounting clients.
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
A deal which would have seen Altech subsidiary Altech Data acquire the IT businesses of Labat Africa has been called off after the parties failed to reach agreement on pricing.
Management at retail IT solutions provider Affinity Logic has bought Wooltru`s 33% holding in the company for R41.7 million in cash.
SunGard Investment Management Systems, an operating group of SunGard, today announced the launch of Decalog v5.0.