MIH Holdings subsidiary OpenTV Corporation`s net loss deepened in the six months to 30 June 2001, despite extending its customer base and revenues.
Last week saw a huge list of companies reporting financial losses, while the news of the two fixed-line telecoms operators had the local industry abuzz.
Siltek fell victim to rumour-mongering yesterday, with its share losing more than half its value in a matter of hours. Talk of trouble at subsidiary SDD was quickly set straight by CEO Dave Lello.
Zaptronix, which plunged into the red in the year to end-April as a result of lengthy delays in the Hitachi Kidcard project, intends to delist.
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.
Paracon Holdings has disposed of its stake in Professional Consulting Network and increased its holding in Mercury Technologies in deals worth a total R43.5 million.
Y3K`s non-executive chairman Linda Wengrowe has stepped down and the company will make an announcement in the next few days as to her replacement.
Listed IT solutions company Crux Technologies is beginning to reap the rewards of its extreme pruning of non-profitable divisions, growing profit from R1.1 million to R7.2 million for the year to May.
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
Omega Alpha International IT Holdings, whose CEO resigned this week amid a restructuring exercise, has requested that its share be suspended from trading on the JSE.
JSE-listed Siltek has taken action on its promises to address its recent poor interim results, closing down its Australian operations which have drained almost R45 million from the company's coffers in the last six months.
JSE-listed Prism Holdings has rolled out 320 secure electronic transaction kiosks in Malaysia in a multimillion-dollar deal that has the added bonus of providing recurring revenue for the company.
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
AST Group has acquired the voice communications vendor South African Philips Business Communications Sales & Services organisation (PBC), for an undisclosed sum.
JSE-listed Omega Alpha International IT Holdings is undergoing a restructuring which has resulted in the resignation of its CEO.
The rumour mill worked overtime last week, with Dimension Data and EDS falling victim.