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Datacraft Asia wins $12m Indonesian contract

Dimension Data`s 51%-owned Asian subsidiary, Datacraft Asia, has won a $12 million contract to construct a complex, high-speed Internet protocol (IP) network across the Indonesian archipelago.

Dimension Data South Africa

ISolutions still struggling

Interconnective Solutions (ISolutions) has posted an attributable loss of R1.75 million for the six months to October 2001, with turnover down by 23%.

Weekly overview

Local companies fight it out

The spate of local results and the "fights" between MGX and Motswedi, and CS Holdings and AST, stole much of the headline space during the past two weeks.

Altron, Powertech cautionaries spark speculation

Cautionary notices issued by Allied Electronics (Altron) and Power Technologies (Powertech) have sparked speculation that Altron is to streamline its structure further.

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.

Reverse takeover at C-Tech

A reverse takeover has occurred at Community Technologies (C-Tech), resulting in a change of nature and name.

Datatec issues shares to fund latest buy

Datatec announced yesterday that it has issued 8 million shares for cash as part of its plan to acquire Dutch network distribution company Landis.

Comparex Africa

Comparex pulls through difficult period

IT solutions integrator Comparex Holdings increased headline earnings per share 112% in the six months to November 2001, despite tough conditions in the IT industry.

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

Zaptronix intends to remain listed

Zaptronix says it intends to remain listed on the JSE and use the proceeds of the disposal of its "old commerce" business to fund the "new economy" business.

NetActive incurs R3.6m loss

Internet services company NetActive has reported a loss of R3.6 million on continuing operations for the six months to 31 October 2001, and expects its losses to deepen in the succeeding six months.

More trouble for Vesta

Vesta Technology Holdings has warned that talks to cancel agreements will affect its previously published year-end figures and result in a material loss for the company.

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

FrontRange Solutions slips in second quarter

FrontRange Solutions, the 84%-owned US subsidiary of JSE-listed FrontRange, reported a worse than forecast operating loss for its second quarter, but expects a profitable second half of the financial year.

Siemens exercises Sietel option

Siemens international has bought back 9% of the local Siemens Telecommunications (Sietel) for R121 million through an option established in November, giving it a 60% stake.

Financial Results

Connection Group lifts interim operating profit by 30%

Connection Group overcame challenging trading conditions to lift operating profit by 30%.

Connection Group

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