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Datacraft Asia results in line with forecasts

Datacraft Asia has reported interim results in line with its trading statement issued last year, despite recent rumours that the figures would be worse than originally indicated.

Market watches as Mustek, Rectron enter negotiations

The Mustek share dipped by 3% in early morning trade today after it, and its subsidiary, Rectron, released a joint cautionary.

Datatec to expand European presence

Datatec is planning to expand its European presence with the purchase of the networking distribution activities of Dutch company Landis Group.

Dual-listed settlement problem solved

A problem related to the electronic settlement of JSE-listed shares with a primary listing in London has been solved, and a similar solution is being investigated for Swiss-registered Richemont.

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.

Ixchange changes name

Ixchange was renamed FrontRange yesterday, marking the end of a period of realignment in which it disposed of its operating subsidiaries, except its 84% shareholding in US-based FrontRange Solutions.

Revised Kumba deal on track, says AST

Investors can rest assured the sale of AST shares held by Kumba Resources is on track, although it will take a different form than originally expected, says AST executive chairman, Gerrie de Klerk.

Y2KTec changes name to CCI Holdings

A change of identity failed to generate interest in the stock of the former Y2KTec in the JSE`s venture capital market this morning.

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

Weekly overview

2002 kicks off

The first Booth`s Bites of 2002 features a roundup of local and international financial happenings.

SAP EMEA generates quarter of SAP AG revenue

Dean Griffin, GM of marketing for SAP Africa, says revenues from the company`s EMEA region now amount to a quarter of SAP AG`s revenues.

Vision Solutions

Markets knock Idion for poor delivery

Local markets didn`t waste any time this morning in responding to Idion`s profit warning released after markets closed yesterday, hammering the counter down 45% in the first hour of trade.

Idion Technology Holdings

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

Govt gets M-Cell stake out of the way

Government-owned enterprise Transnet has entered into an asset-backed financing deal to borrow around R5 billion against its 20% stake in MTN parent M-Cell. With that out of the way for 18 months, the focus returns to the delayed Telkom listing.

M-Cell share price flies on sale speculation

Persistent rumours that government has at long last found a buyer for its stake in M-Cell has seen the company`s share price increase by 25% this year, although analysts say shareholders, and the currency, may gain little from the deal.

Ixchange to become FrontRange in mid-January

Ixchange Technology Holdings is to be renamed FrontRange Limited early next year.

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