Dimension Data has bought a Dutch network and voice integration company for between 5 million and 13 million euros, heralding an increase in confidence in DiData shares.
Siltek is hoping to reopen its doors on Monday, despite being technically insolvent and applying for provisional liquidation today.
The JSE-listed Siltek group is to enter provisional liquidation after negotiations on a capital restructuring bid apparently failed.
Datatec was in the news last week as its directors` Financial Services Board fines and bonus pay-outs came under the spotlight.
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.
Zaptronix, which has been beset with problems since taking on the Hitachi Kidcard project, says it is in talks that could result in a restructuring of its business.
US online stockbrokerage E-Trade has pulled the plug on its SA operation, and its activities will cease as from next Friday.
JSE-listed Prada Technologies has incurred a consolidated loss of R10.79 million for the year to 30 June, mainly as a result of writing off its Brainiack project.
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
PQ Africa`s change of name to Comparex Africa was planned some time ago, but the company had to get its house in order before going ahead, says CEO Peter Watt.
A Greek television network has acquired a 5% holding in MIHL`s Mediterranean pay-television platform NetMed NV for $12.3 million.
Listed Set Point Technology Holdings has disposed of its European holdings in an effort to reduce its gearing.
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
MGX Holdings has organised its operating units into five business domains to reflect the areas in which it aims to deliver measurable business outcomes.
Negative publicity has led to Datatec CEO Jens Montanana and financial director Robin Rindel paying their R1 million insider trading settlement themselves. Datatec is also examining the matter of bonuses, which also drew criticism recently.
Despite unpredictable market trends, Altron`s management remains confident that the company will show growth for the year.