Financials news | ITWeb

Sectors

Companies

About

Home
/
Sectors
/
Financials

CET share rockets before cautionary

Cape Empowerment Trust (CET) issued a cautionary around noon on Wednesday, 8 August, by which time its share price had already jumped 67%. The cautionary is purportedly related to negotiations between CET and Perot Systems.

I-Fusion reports year-end loss

Niche IT group I-Fusion Holdings has reported another attributable loss, which it blames on difficult trading conditions.

Demand in supply chain market boosts DNA

JSE-listed supply chain solutions company DNA Supply Chain Investment Holdings has reported financial results for the year which reflect headline earnings growth of 59.7%.

Computer Sciences Corporation

SA Eagle launches online insurance system

Short-term insurer SA Eagle has implemented a system developed by Computer Sciences Corporation allowing brokers to handle all stages of an insurance transaction online, from obtaining a quote to printing out documentation.

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.

IST on track to meet targets

IST Group is on track to meet its full-year earnings target of 10c a share, CE Harry Coetzee says in a letter to stakeholders.

Securities lending and borrowing goes electronic

Lending and borrowing of securities for settlement and strategy is going electronic, thanks to new functionality in the system underlying securities settlement mechanism Strate.

Market punishes Idion for headline loss

The market has punished Idion Technology Holdings for reporting a 13% drop in headline earnings per share, with the group`s share falling more than 18% this morning.

Idion 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

Bidvest negotiations drive up I-Fusion share price

The I-Fusion share was up nearly 30% in early morning trade after it announced listed holdings company Bidvest`s intention to acquire the entire share capital of the technology company.

DiData announces US structure, leadership

Dimension Data has announced the structure and leadership of its North American operations to incorporate the recently acquired Proxicom, as well as six other of its US technology and networking companies.

Dimension Data South Africa

Ixchange issues profit warning

JSE-listed Ixchange has issued a profit warning for the financial year to June, citing tough market conditions and high costs incurred in localising its software for international markets.

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

Large-cap shares move into electronic era

Nedcor, Sanlam and Absa's stocks have moved to Strate, the South African central securities depository for equities.

Weekly overview

How the mighty have fallen

Last week, the continuing debate over the two additional national fixed-line operators and the dropping of Dimension Data from the FTSE 100 dominated the local media.

MGX now in full control of EC-Hold

MGX has acquired sufficient EC-Hold shares to give it a majority holding in the company, and plans to get the business back on its feet despite the ongoing battles with the Securities Regulation Panel.

SPONSOR MESSAGE

VIRTUAL PRESS OFFICE