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iTouch posts better than expected results

Mobile services provider iTouch`s third-quarter results have come in ahead of expectations, and chairman Ivan Fallon says the company is moving steadily towards profitability.

AST empowerment talks well underway

The AST Group, Iscor and black empowerment groups are in advanced talks relating to the sale of Iscor`s 29% stake in AST to the empowerment groups.

Absa is meeting cost targets

Banking group Absa has delivered on its promise to cut costs, reporting a cost-to-income ratio of 61.2% for the six months to 30 September 2001, compared with 65% for the same period a year earlier.

Aqua Online to sacrifice profits for long-term strategy

Aqua Online says an agreement for one of its subsidiaries to distribute online casino software will gain it long-term annuity income, even though profits will be sacrificed in the short-term.

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

War and very little peace

The "war of words" between Bill Gates and Larry Ellison at Comdex and the Hewlett family`s rejection of the HP/Compaq deal made headlines during the past two weeks.

Ixchange`s FrontRange names new CEO

Ixchange`s US subsidiary, FrontRange Solutions, has appointed a CEO to replace Dana Buys.

Alexander Forbes

Alexander Forbes acquires Mexican actuarial consultant

Alexander Forbes, the risk management and financial planning group, is continuing its offshore expansion drive with the acquisition of actuarial and employee benefits company Bufete de Consultor'ia Actuarial SC.

Alexander Forbes

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

Flat results from Datatec

JSE-listed Datatec has reported a small decline in earnings before interest, depreciation and amortisation for the six months to 30 September 2001.

Report sceptical on Softline interim performance

Although Softline's share price remains fairly stable, if heavily traded, a financial research document predicts the company's results will be "mediocre" and states there is little room for growth for the firm.

Dynamic Cables acquisition set at R54m

Cape Empowerment Trust (CET) and Dynamic Cables (formerly Conlog Holdings) have agreed to fix the price of Conlog`s acquisition last year of the Dynamic Cables business from CET at R54 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

Paracon margins slip in tough year

IT services and business solutions company Paracon Holdings has reported a 55% increase in turnover for the year to 30 September 2001, although its operating margin fell from 13.29% to 9.27%.

Planit suspends share, applies for provisional liquidation

Planit Technology Holdings has applied for provisional liquidation and suspended trading on the JSE after its recapitalisation plans failed.

Strate reaches globalisation milestone

Central securities depository and electronic settlement company Strate has reached a milestone in its drive to globalise SA's securities market by achieving simultaneous, final, irrevocable delivery-versus-payment in central bank funds.

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