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Datacentrix boosts Jo`burg presence with R33m deal

JSE-listed IT solutions and infrastructure provider Datacentrix has bought Solution Management (SM) Networx for a total of R33.22 million as part of its goal to increase its presence in Johannesburg.

Equity settlement fees to rise

Fees relating to SA's electronic settlement environment are to rise after Strate was forced to review the underlying assumptions on which its charges were based.

UCS shareholders to receive their first dividend

IT services group UCS Group has declared its first dividend since listing in 1998, and says it will pay two dividends a year from now on.

Altech on acquisition trail after strong year

Altech, the JSE-listed telecommunications, multimedia and technology (TMT) group, has posted strong results for the year to end-February, and is looking to make "substantial" acquisitions.

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.

Datatec`s disposal of RangeGate fails

Datatec`s planned disposal of its RangeGate mobile technology subsidiary to Canadian-listed Versatile Mobile Systems has fallen through.

Westcon acquires Landis`s Business Partner assets

JSE-listed Datatec says subsidiary Westcon has entered an agreement that will see it assume the employees, fixed assets, supplier contracts and customer lists of the networking distribution division of troubled Dutch-based Landis Group.

Hostile takeover bid will fail, Idion says

Idion Technology Holdings says two years of investment is starting to pay off, and it is not about to give that up to Canada`s DataMirror, adding that the latest takeover bid is doomed to fail.

Idion Technology Holdings

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

FrontRange Solutions

FrontRange Solutions narrowly misses breakeven

FrontRange, the JSE-listed customer relationship management and service and support solutions developer, says its US subsidiary, FrontRange Solutions, narrowly missed its breakeven target for the third quarter.

Strong results from Datacentrix

JSE-listed Datacentrix has reported a strong set of results for the year to 28 February 2002, for the first time reporting turnover of more than R500 million.

Offer to Rectron shareholders opens

Mustek`s 80c per share offer to Rectron shareholders, which if accepted will see Rectron being delisted, opened this morning.

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

Weekly overview

Poor financial results abound

Last week saw a flood of quarterly financial results, including some poor figures from Compaq, IBM, Nokia and Sun Microsystems.

Set Point returns to profitability

Industrial, analytical and allied technology group Set Point returned to profitability in the six months to 28 February, despite revenue which was almost half that of the same period a year earlier.

Crux to become cash shell

Crux Technologies is to become a cash shell after disposing of the contracting business of subsidiary CruxInfoTech to the Mantis Consortium.

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