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Elexir turns in an interim profit

Elexir Technology Holdings returned to profitability in the six months to 28 February as a result of a focus on its core business as an IT reseller.

Softline benefits from focus on core business

Accounting and payroll software developer Softline says a focus on core business and a recurring revenue model improved its cash generation for the 2002 financial year.

Softline sees positive side of US downturn

Softline CEO Ivan Epstein says the downturn in the US economy has had a positive spin-off for his group because of the number of small businesses being established as a result.

Grintek Ewation signs R110m defence deal

Defence and electronics company, Grintek Ewation, has signed a R110 million export order for its specialised electronic intelligence system, and the Pretoria-based company says it expects more to come.

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.

Rand's fall, US downturn hurt Spescom

Spescom Group has reported a headline loss of R68.5 million for the six months to 31 March, a period which it describes as the most difficult in its 25-year history.

Datatec reports 18% earnings decline

IT networking and services group Datatec has reported an 18% decline in year-end headline earnings per share, but the group says while economic conditions are not improving, the worst is over.

SchlumbergerSema

New deal gives Prism R13m boost

Secure electronic payment company Prism has announced a further R13 million deal with New York Stock Exchange-listed smart card company SchlumbergerSema, bringing its current business with the company to around R53 million.

Prism Holdings Limited

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

Bertelsmann rescues Napster

Last week saw the buy-out of Napster by Bertelsmann and restructuring at AOL and WorldCom, while locally the DataMirror/Idion battle continued.

Quarmby explains Datacraft warning

Patrick Quarmby, newly appointed chairman of Dimension Data`s Asian subsidiary, Datacraft Asia, says the $15 million provision made for debts in the company`s Chinese operations is a once-off charge and investigations into impropriety over the debts continue.

Dimension Data South Africa

Idion spurns DataMirror`s final offer

Idion Technology Holdings has rejected Canadian company DataMirror`s final offer of 180c per Idion share, and CEO Nicolaas Vlok says he believes the matter has come to an end.

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

Buoyant year for Kalahari.net

Online merchant Kalahari.net says a 102% increase in turnover for the year to end-March confirms that it now surpasses Amazon.com as SA`s leading online retailer.

DiData sees silver lining

Despite a 32% drop in operating profits from the second half of last year, Dimension Data says adverse trading conditions in the first half of this year have allowed it to accelerate its service and solutions model.

Dimension Data South Africa

Maxtec goes back to basics after R2.4m loss

Storage and services company Maxtec is disposing of its 20% interest in UK-based Sagitta and is changing its distribution strategy in an effort to correct the R2.4 million net loss for the interim period.

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