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DataMirror to close offer for Idion shares

Canadian group DataMirror, which launched a hostile takeover bid for local company Idion Technology Holdings in March, is to close its 180c cash offer for Idion shares on 4 July.

Idion Technology Holdings

Institutional coup hots up Comparex shares

The possible coup of the Comparex board by institutional investors has lit a fuse under the share, as investors pile into the counter in hopes of receiving a special dividend.

AAT sale bolsters Altech`s cash reserves

JSE-listed telecoms company Altech will sell its 40% stake in Alcatel Altech Telecoms (AAT) in a deal that will net it R335.5 million.

SAN People and Control Instruments Group reach agreement

SAN People has announce that it has acquired 51% of Control Instruments Group ordinary share capital.

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.

Connection Group sells software division to focus on retail

Connection Group has sold its 83,7% holding in Ultimate Connection to UCS Group for a gross amount of R18,3-million.

Connection Group

Weekly overview

Idion shares, .za domain sagas hog headlines

Last week saw the Idion/DataMirror Vlok family shares saga as well as the increasingly heated row over the .za domain.

Ultimate Connection sold to UCS Group

Connection Group has sold its 84% stake in retail software solutions company Ultimate Connection to UCS for a maximum of R5.57 million.

Connection Group

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

Wrangle over Idion shares goes to court

The sale of the Vlok family`s Idion shares to Idion rival DataMirror has been frozen until next Friday in terms of a court order.

Idion Technology Holdings

Active Value acquires Dectronic

International investment group Active Value has taken control of JSE-listed Dectronic, and intends to use the listed vehicle to pursue its strategy of actively seeking out and purchasing undervalued companies.

Vlok shares sold to DataMirror without consent

Investigations have yet to determine how the Vlok family`s Idion shares were sold in error to Canada`s DataMirror.

Idion Technology Holdings

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

Y3K on right track, still needs help

Despite posting a profit for the month of April and further reducing its reported loss for the year, Y3K remains at the mercy of its bankers for its continued existence.

BlueBay Asset Management selects SunGard`s Panorama and Decalog solution

BlueBay Asset Management has selected SunGard`s integrated Panorama and Decalog solution - Panorama and Decalog - to manage total operation for new fund management business, including trading, compliance, portfolio and risk management.

Co-operative Central Bank of Cyprus selects Quantum the Sungard Treasury system

SunGard Treasury Systems (STS), an operating group of SunGard, says the Co-operative Central Bank of Cyprus (CCB) has selected Quantum to manage its front-, middle- and back-office treasury trading.

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