At the halfway mark, Altech looks set for another solid year`s performance, showing strong growth in new business and using the slumped market as a hunting ground for further acquisitions.
MB Technologies has shown positive movement for the year, appearing to have succeeded where many local IT companies have failed in the heavily slumped market.
CCH, once the darling of the IT listings boom of 1997 and 1998, will be removed from the JSE tomorrow, ending an event-filled four years as a listed company.
Telecommunications management company Sempres has had its share suspended on the JSE for late submission of financial statements. The company is still under investigation by the Insider Trading Directorate.
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.
The acquisition of EMC would consolidate IBM`s storage revenues for its OS/390 market.
Paracon Holdings has acquired IT contractors Bryan Hattingh Investment Services from Advtech, giving its services division a greater national foothold as well as access to key parastatal contracts.
Micrologix has reported its first set of interim results since its creditors accepted a compromise offer as part of a rescue operation.
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
Rebranded business solutions provider EOH increased headline earnings per share 28% in the year to 31 July 2001.
The IQ Business Group`s financial services arm has reported revenue of R83 million for its first year, which it attributes to bank consolidation and the squeeze for improved costs.
IT solutions and services company Jem Technology Holdings` (JemTech`s) share has been suspended with immediate effect.
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
Macro economic slowdown after the US attacks will take its toll on Temenos, Global Technology`s Swiss investment, and Glotec management says it is taking a cautious stance regarding its dual JSE listing.
Shares in the largest company on the JSE, Anglo American, have entered the electronic settlement environment.
Datatec subsidiary Logical Group has disposed of Swiss-based Logical Solutions, while simultaneously increasing its stake in Australian company Secure 24 to 100%.