AST Group has warned that there will be a one-off impact on headline earnings for the current financial year as a result of selling, closing and absorbing businesses in its underperforming e-Ventures.
Canada`s DataMirror Corporation has increased its stake in hostile takeover target Idion to more than a third after institutional investor Coronation sold its shares at 180c each.
Special purpose vehicles, a favoured method of funding black economic empowerment vehicles, faces a new headache in the form of Capital Gains Tax, according to Deloitte & Touche.
SA has evolved from being assessed as embodying the worst settlement risk among emerging markets into one described by international benchmark assessors as "the most sophisticated", says Strate CEO Monica Singer.
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.
Strate has eliminated the problems that were encountered in settling American Depository Receipts (ADRs) during the paper settlement era, says James Green, The Bank of New York's head of European ADR broker and institutional marketing.
Internet banking has failed to deliver as a tool to gain a competitive-edge, according to PricewaterhouseCoopers` (PwC`s) latest annual banking survey.
After completing a number of its restructuring objectives, Allied Electronics Corporation (Altron) has posted solid results for the year to February and is looking to continue with its acquisition trail.
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
"It went off exceptionally well," said JSE president Russell Loubser at the end of yesterday`s trading session that marked the debut of the controversial Stock Exchange Trading System (SETS).
IT services and consulting company, Paracon, has seen some growth for the six months to March, despite the difficulties experienced by the group`s US operations.
Last week saw Telkom`s official monopoly come to an end, while the DataMirror/Idion saga continued.
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
Software developers need to generate recurring revenue from their user bases if they are to afford the same levels of research and development as in the past, says Softline COO Steven Cohen.
SA`s central securities depository (CSD), Strate, has become the first CSD operating outside the Americas to be invited to become a member of the Americas` Central Securities Depositories Association (ACSDA).
This weekend, the JSE will experience one of the biggest changes in its history as it moves from its current trading system to a new London-derived system that will also alter the trading philosophy.