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Dimension Data to exit FTSE 100

The Dimension Data share dropped to R13.70 in mid-morning trade on the JSE today after news that the group`s share is to be removed from the elite FTSE 100 index, before recovering to R14.55 by early afternoon.

Dimension Data South Africa

Nedcor takes R3.7bn hit on Dimension Data nosedive

Nedcor`s R3.7 billion write down on Dimension Data`s share price tail-spin caused the bank`s headline earnings to fall below the 25% growth rate for the first time in four years.

Paul Vecchiatto

Spescom starts changes at Altris

Local company Spescom has started the wave of small changes at its US subsidiary which could eventually lead to a Nasdaq listing.

Igaming suspended after another transgression

The JSE has suspended The Internet Gaming Corporation`s shares, not because Igaming failed to heed a warning this week to appoint a registered sponsor, but because of a further transgression of JSE rules.

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.

Y2Ktec sale defunct, now acquiring

Y2Ktec is to acquire Coetser Craddock International, a professional advisory services provider to the SME market, for a cash equivalent of R4.5 million, after its deal with Nomalanga Trading Enterprises fell through.

Brainware eyes JSE return

Following the disposal of all of its interests, including its property and its last subsidiary, Brainware aims to lift its suspension on the JSE to join the cash companies sector.

Oxbridge, Essential suspended, Igaming warned

The JSE listings of Oxbridge Online and Essential Beverage Holdings have been suspended, and the JSE has warned The Internet Gaming Corporation (Igaming) to comply with exchange rules by Thursday or face suspension.

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

SecureData Solutions announces winding-up details

SecureData Solutions has confirmed that its JSE listing will be terminated at the end of this month, prior to the unbundling of its last asset and its winding-up.

Tourism establishments given extension to apply for tax incentives

Tourism establishments that have expanded or started since 1 September 2000 and have invested in capital assets have been allowed a period of grace until the end of August to qualify for tax incentives.

Deloitte & Touche

DiData in global agreement with Orchestream

Dimension Data Holdings has entered a global agreement with Nasdaq- and LSE-listed Orchestream Holdings in terms of which DiData will integrate Orchestream products within its global services operating architecture.

Dimension Data South Africa

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

Archway follows DiData`s lead in next acquisition

IT technology fund Archway Venture Partners has acquired a minority stake in interactive media developer Shift Interactive for R10.7 million. The buy-in will indirectly increase the stake Dimension Data already has in Shift.

Losses fail to dent NetActive`s confidence

Managed Internet services group NetActive is confident of future growth despite reporting a loss on continuing operations for the year to 30 April 2001.

Interconnective Solutions still plagued by media losses

Interconnective Solutions has not recovered from its disposal of its media divisions, reporting a R3.9 million attributable loss for the year to April, due in part to the chunk of revenue lost to MP3s.

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