The supplier of third-party maintenance for enterprise-sized organisations reported double-digit growth in its year-on-year results.
Revenue increased by 10% to R721 million and EBITDA remained level at R106 million.
The company fails to declare a dividend on the back of decreased profit for the six months to December 2019.
The company will sell its cyber security unit for $2.08 billion to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners.
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.
Cloud has qualitative costs that are often not considered because they are not hard costs.
As global financial services companies race to achieve quantum supremacy, SA’s First National Bank ramps up its research into quantum finance.
The bank’s clients paid close to R500 million in subscription and gift card purchases from Netflix, Showmax and Spotify in the last 12 months.
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
Woven acquires SA-based BYC Aqua Solutions, a provider of call centre solutions, for an undisclosed amount.
The bank’s half-year results show total credit card spend was R2.6 billion and total credit limits granted sat at R2.5 billion.
The fresh funding will enable the ongoing expansion of CrossBoundary Energy’s commercial and industrial solar services.
The process to liquidate Yekani Manufacturing has been frozen, pending a hearing on the business rescue application.
The company is selling its security unit to investors led by Symphony Technology Group.