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The IQ Business Group cuts staff

The IQ Business Group is laying off about 5% of its staff, mainly as a result of the integration of Financial IQ, formerly a joint venture with Fedsure.

IQ Business Group

Datatec nets lb14m Welsh deal

Datatec`s European ambitions have been kept alive after its subsidiary, Logical UK, signed a lb14 million deal to supply broadband Internet access to Welsh educational facilities country-wide.

Cape Empowerment Trust

Irregularities may force Dynamic to cancel shares

Dynamic Cables may have to cancel up to 28 million of its shares following the discovery of possible irregularities in previous years.

Mustek to delist Rectron

Mustek plans to make Rectron a wholly owned subsidiary by way of an offer to shareholders, after which it is to delist the company.

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.

Weekly overview

Idion, Data Mirror face off

Last week saw DataMirror`s hostile take-over bid for Idion, and shareholders` approval of the HP/Compaq merger.

Faritec spends R7m on share buybacks

Faritec has repurchased almost 6% of its shares on the open market for just more than R7 million.

Glotec plans to raise R19.7m in rights issue

Global Technology is planning to raise R19.7 million by way of a rights offer to existing shareholders.

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

Datatec, Landis call off talks

Datatec has called off talks that would have seen subsidiary Westcon acquire the networking distribution activities of Netherlands-based Landis Group.

Business Against Crime CEO to chair IQ group

The IQ Business Group has appointed a new chairman - Willie Scholtz, Business Against Crime CEO and former CEO of IBM SA.

IQ Business Group

Control Instruments hit by 'difficult year`

Control Instruments incurred a headline loss of 6.6c a share for the year to 31 December 2001, an "extremely difficult and challenging" 20th year of operation, according to MD Richard Friedman.

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

Spicer shareholders still waiting

Spicer's future remains unclear, although financiers have stepped in to supply partial security for the company's international debt. Meanwhile, the group today announced a headline loss of 1.2c per share for the interim period to December.

SRP dismisses MGX appeal

The Securities Regulation Panel (SRP) has dismissed an appeal by MGX and the Mandy Rebecca Price Trust and has ordered them to offer affected EC-Hold shareholders R2.40 per share.

Idion to appoint advisers on takeover bid

Idion Technology Holdings, which is at the centre of a hostile takeover bid by Canadian company DataMirror, has set up a committee to appoint independent advisers to assess DataMirror`s offer.

Idion Technology Holdings

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