JSE-listed Zaptronix has laid off a number of staff at its Durban plant and has warned that the modification of a contract with Invensys will have a negative effect on its financial position.
Local mobile services company iTouch has secured a deal to supply its mobile business services to the Richemont and Remgro groups worldwide through a preferred supplier agreement with telecom company CommsCo International.
Warrants will soon follow equities into the electronic settlement environment, and central securities depository and settlement service Strate is hoping that it will be able to get a contract to settle money market instruments too.
Spicer's management is considering what is to be done with the company as its last remaining operation, IT Konsult, continues to suffer from a slowdown in the Swedish market.
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.
Dimension Data`s share price took a pounding today, dropping 13% to 885c by noon following a profit warning from subsidiary Datacraft Asia.
Innovation Management Consulting is helping local companies secure donor funding, which it says it significantly reducing the cost of capital required for product development and commercialisation.
Prism management has reacted quickly to market speculation about the company`s future, saying cash flow problems are well in hand and pointing out that a high growth strategy always carries associated risk.
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
Business Unusual and Scotland-based Kinross Computer Systems today launched Kinross`s specialist commodities trading solution, Kit.
Online advertising agency Real Media`s South African operations are reportedly being liquidated.
JSE-listed CS Holdings is merging its systems integration division with Argil Holdings, a subsidiary of privately owned Worldwide African Investment Holdings, in a R30.5 million black empowerment deal.
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
Local mobile services company iTouch has dipped into funds raised from its London listing, acquiring certain assets and brands of the interactive media and content division of Thus Plc for lb3.5 million in cash.
The Second Revenue Law Amendment Bill, released recently by the SA Revenue Service (Sars), will have far-reaching implications, including the possible erosion of the confidentiality of tax returns.
JSE-listed Ixchange, which is to change its name to FrontRange Solutions in December, says its performance in the first quarter to end-September was largely according to expectations.