Financials news | ITWeb

Sectors

Companies

About

Home
/
Sectors
/
Financials

Core Holdings misses crucial deadline

Overdue results are the latest in the list of woes facing Core Holdings, which must deliver its annual results or face suspension from the JSE.

CCH winding up before cash payout

Cash company CCH`s financial results to June show positive cash for the group, which is about to distribute a cash payout to shareholders as it winds up.

MGX meets expectations despite distractions

Despite its EC-Hold acquisition troubles, MGX has reported solid results for the year, which reflect the short-term impact of the CCH acquisition and what the company describes as "difficult trading conditions".

Iocore goes to Italy

Iocore Africa is opening an Italian office, giving it operations in 15 countries.

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.

Energy Measurements

Spescom sells subsidiary for R34.8m

Spescom is to sell its 50% stake in Energy Measurements to Siemens for R34.8 million cash.

Tourism industry incentives deadline looming

Deloitte & Touche explains the Department of Trade and Industry`s announcement concerning the incentive scheme for the tourism industry.

Deloitte & Touche

Changes at Contlan get green light

Contlan Holdings shareholders have given the go-ahead to several resolutions which will see the group expand its operations into the financial services and education sectors under the new name of Nova Education & Technology Holdings.

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

AST grows despite corporate spending slowdown

JSE-listed AST Group increased its headline earnings per share by 37% in the year to 30 June.

DiData subsidiary makes $35m acquisition

Dimension Data`s 51%-held Asian subsidiary, Datacraft Asia, has bought Korean systems integration company Dasan Electronics for $35 million in cash.

Dimension Data South Africa

Weekly overview

Lexmark`s local venture grabs headlines

Lexmark International`s acquisition of Venture Computer, as well as the bad news from Idion and Ixchange made local headlines last week.

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

C-Tech in breach of JSE regulations

Community Technologies (C-Tech) has found itself on the wrong side of the JSE, which has warned the holding company to submit its annual report by close of trade on 24 August or face suspension.

Venture capital

Venture capital - The reality

Associate Director at Deloitte & Touche gives a real perspective on venture capital

Deloitte & Touche

SRP/MGX face-off continues after R2.35 ruling

MGX Holdings will fight the Securities Regulation Panel (SRP) ruling that EC-Hold minority shareholders should be offered R2.35 for their shares, and says the new offer will have an effect of less than R30 million on its investment.

SPONSOR MESSAGE

VIRTUAL PRESS OFFICE