Jasco Electronics Holdings has moved back into the black, with all its divisions performing in line with, or better than, forecasts.
JSE-listed Reunert has reported a 30% increase in headline earnings per share for the first six months of its current financial year, and promises continued growth in the second half.
Electronics and software company IST Group says that with its turnaround process effectively complete, it is actively seeking acquisitions to expand its businesses.
Bytes Technology Group has turned its fortunes around, and the company, confident of better performances ahead, is to pay its shareholders a dividend of 12c per share.
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.
Altron company Powertech says its results for the year to end-February have vindicated its globalisation strategy.
After offering 180c for Idion Technology Holdings shares in its final bid to entice investors to sell, DataMirror has advised the market that it now controls 18.66% of Idion, having bought a further 2.17 million Idion shares.
Idion Technology Holdings has told its shareholders that the latest offer from Canadian-based DataMirror does not reflect the true value of the company. This follows Deloitte & Touche`s qualified support of Idion`s profit forecast.
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
Softline has acquired Australian payroll software company Micropay for R55.5 million in a deal that will be funded by a combination of cash and debt.
Internet information services provider E-Data`s listing has been suspended on the JSE at the company`s request.
Altech Data, a wholly owned Altech subsidiary, has acquired Labat Africa`s IT business in a R180 million deal which should boost its black empowerment credentials.
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
Highlights of the past two weeks included AOL`s massive $54 billion loss and the finalisation of the HP/Compaq merger.
A growing number of South Africans are taking direct control of their financial affairs and investments by using the Internet and a new investment instrument known as spread trading.
The closing date for DataMirror`s offer to buy Idion Technology Holdings shares has been extended, as regulators have ordered Idion to produce official profit forecasts.