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M-Web Africa halves losses since delisting

MIH-owned M-Web Africa more than halved its losses in the six months to 30 September 2001 despite competition from Absa`s free Internet offering.

Johncom enjoys fruits of new focus

Johnnic Communications (Johncom) has shown a 12% growth in revenue after the M-Cell unbundling. It digital media division has also grown its revenue by staying clear of the consumer Internet market.

DiData, Coca-Cola Sabco in $40m joint venture deal

Dimension Data SA and Coca-Cola Sabco (CCS) have signed heads of agreement to form a joint venture to service CCS`s IT needs. The deal has been valued at $40 million over seven years.

Dimension Data South Africa

Reunert increases its stake in Siemens SA

Reunert has acquired Marconi`s 21.5% stake in Siemens SA for a cash consideration of R279.5 million, bringing its stake in the company up to 49%.

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.

DiData reorganises South African operations

Dimension Data Holdings has completed its drive to move its South African operations into three focused divisions in line with its global operations.

Dimension Data South Africa

Strate outsources IT to Comparex Africa

Strate and Comparex Africa's OutSource division has secured the IT outsourcing contract for Strate, the electronic settlement service for JSE-listed shares.

Weekly overview

Workgroup is resurrected

Last week saw the re-emergence of Workgroup and a flood of interim and local results.

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

Roller-coaster week for DiData

The Dimension Data share price ended yesterday nearly 20% down on Monday`s close after a roller-coaster two weeks.

Dimension Data South Africa

Datacentrix sells Landmark for R3.16m

JMR Consulting and Datacentrix executive director Leon Theron are to acquire the Landmark business from Datacentrix Infrastructure Optimisation, a Datacentrix subsidiary, for R3.16 million.

Wooltru agrees in principle to Affinity Logic MBO

As part of its unbundling, JSE-listed Wooltru has announced that an agreement in principle has been reached to dispose of its interests in Affinity Logic in a management buy-out (MBO) worth at least R45 million.

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

Dimension Data`s operating profit falls 15%

Dimension Data Holdings has reported a 15% drop in full-year total operating profit before goodwill amortisation and exceptional items, translating to a total operating margin of 7.4%, compared with 10.7% the previous year.

Dimension Data South Africa

Softline begins the year behind the line

Softline's interim 2002 financial results show a drop in performance compared to the 2001 interim period, due in part to increased levels of taxation, an increased expense base and lower margins.

Spescom results buck the trend

JSE-listed Spescom reported a 207% increase in headline earnings per share for the year to September and the group says it is well on the way to achieving more than 50% of revenue offshore.

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