The Dimension Data share price, hammered by rumours, fell to R14.75 on the JSE yesterday before regaining some of its losses to close at R16, which was 5% lower than Wednesday`s close.
Internet banking is the least profitable of the 10 banking business areas surveyed for a PricewaterhouseCoopers report on banking in SA.
MB Technologies is planning to issue new shares for cash in a bid to increase its shareholder spread to meet revised JSE regulations.
The financial services industry has come to rely on the data provided by financial market information disseminators such as Reuters. ITWeb examines some of the competition considerations and technical issues and policies of these data providers.
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.
US-based SVI Solutions, of which JSE-listed Softline is the largest shareholder, attributes a large decline in its full-year financial results to an understaffed sales force.
The IQ Business Group has acquired document management and workflow company E2K for an undisclosed sum.
Control Instruments (CI) has disposed of its Internet connectivity service business, Data Pro Services, to Prostart in a management buyout (MBO) worth R30 million. The move forms part of CI`s plans to focus on its automotive electronics business.
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
JSE-listed Datatec has increased it shareholding in US company Westcon by 5% to 90.2% for R180 million, in a move it describes as necessary to effect management changes within the group.
New York- and London-listed services company EDS has denied market rumours that its local division is considering acquiring Dimension Data plc. It has, however, confirmed it is looking at other possible local acquisitions.
Microsoft`s earnings and the softening of its business practices following the recent court rulings dominated IT news 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
The Dimension Data share lost only 0.57% last week as bargain hunters sought, despite concerns about the stock`s FTSE 100 status, to buy the share at its lowest levels since October 1997.
JSE-listed Streamworks Group has released financial year-end results which are significantly worse than expected when it published a profit warning in January.
The Connection Group has reported a small increase in profits after its turnaround last year, but says it is on track to a billion rand in revenue, despite adverse trading conditions. Expansion plans remain on track.