Software development company Traktion has initiated a management buyout from MB Worksoft together with former SAP consultancy Boundless Solutions, to form an enterprise application company trading as DMK.
Investment holding company Bidvest has reported full-year earnings at the lower end of analysts` expectations, partly due to poor results from technology company I-Fusion Holdings.
Sas du Toit has resigned as director of the Spicer board, and will focus on UK company MIS. Coert Vorster has stepped in as acting chairman.
The acquisition of Getronics SA by CS Computers Services, and Siltek and Advtech`s profit warnings made local headlines last week.
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.
Three directors at The Internet Gaming Corporation, whose JSE listing was suspended this month because of transgressing stock exchange rules, have resigned.
E-business solutions integrator Comparex has grown its full-year headline earnings per share by 43.1%, reflecting a healthy turnaround in its African operations.
Supply chain group Siltek says its financial results for the year to end-June are expected to show a substantial loss.
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
Advtech`s share tumbled 8% on the JSE yesterday after the education, training and placement group issued a profit warning.
Y3K Group was tight-lipped this morning on talk that it is disposing of Lanlink, the networking company it acquired in April last year.
JSE-listed Softline's share was trading 5.26% down by late this morning after an announcement that talks which would have seen the company shed its troublesome interest in US company SVI Solutions have been abandoned.
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
Strate has completed phase two of its migration project from the mainframe and network facilities at the SA Reserve Bank.
Metropolis Transactive Holdings has published what may be its final set of annual results as a listed company, reporting a better than budgeted headline loss.
The finance and IT industries are working together to usher in new business paradigms, but is either really ready for an entirely virtual future?