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EOH 'unaffected by tough environment`

Business solutions provider EOH, which has reported a strong performance for the six months to end-January, says it has been unaffected by the tough IT environment.

Prism`s Portuguese holding gets R30m boost

Three Portuguese institutions have invested 3 million euro (about R30 million) in PayShop Portugal, which uses Prism EasyPay technology and in which the JSE-listed company has a significant stake.

Prism Holdings Limited

Johnnic, Transnet join forces on M-Cell

Two major shareholders in MTN parent M-Cell, Johnnic Holdings and parastatal Transnet, have announced a voting pool agreement and pre-emptive rights on each other`s shares. Transnet says the planned sale of its stake is not at risk.

Idion continues to climb after offer rejected

The Idion Technology Holdings share continued its upward climb on the JSE this morning as investors digested the board`s rejection of Canadian group DataMirror`s takeover bid.

Idion Technology Holdings

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.

PSG withdraws from race, Appleton only bidder

PSG Investment Services has withdrawn from the race to acquire online stockbroking specialist Tradek, leaving the way clear for Appleton to acquire the group.

Lower acquisition activity confirms IT depression

The depression of the IT sector on the JSE was reflected in a 90% drop in IT merger and acquisition value in 2001, according to the latest Ernst & Young Mergers & Acquisitions book.

Idion urges shareholders to reject Canadian offer

The Idion share was trading more than 17% higher this morning after management urged shareholders to reject "out of hand" the offer by Canadian company DataMirror Corporation to buy their shares at 65c each.

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

Strate in joint venture talks with US firm

Central securities depository Strate is involved in joint venture talks with US-headquartered shareholder communications group Georgesons.

Safika to appeal against high court ruling

Safika Holdings is to appeal against a high court ruling that its business affairs be probed in connection with a legal dispute with Makana Trust.

Weekly overview

Merger, takeover bids take the spotlight

The Mustek/Rectron merger and the DataMirror/Idion takeover bid stole much of the local headline space in the past two weeks.

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

Glotec outlines rights offer

Global Technology has announced further details of its rights offer, through which it hopes to raise R19.7 million.

Global Technology

Comparex spends R822m on share buybacks

Comparex has continued its share repurchasing programme, bringing the total amount spent on buying its shares to almost R822 million.

Softline latest to fall in line with King II

Softline is the second company in as many days to announce a new-look board as firms move to comply with the corporate governance guidelines outlined in the King II report.

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