Revenue increased by 35% to R9 734 million, and profit after tax increased by 41% to R692 million.
According to Gartner, IT spending in South Africa is forecast to reach $26.6 billion in 2016, an increase of 5.1% from 2015.
Banks must be able to automate large transactions so content can be accessed from a central point, removing the need for physical forms.
The deal will see the company bolster its existing network and communications, datacentre and outsourcing businesses.
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.
Based on the company's Xetra closing price of 2 September (€24.02), this equals up to approximately 2.9 million shares.
The Relationship Banking service offers 24/7 real-time support via WeChat from a team of bankers.
Government approves tax incentives for 227 companies involved in scientific and technological research and development.
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
Agility and flexibility are some of the advantages open source offers to the financial and banking sectors, says SUSE.
The deal, for an undisclosed sum, unites the biggest and second-biggest SME-focused IT services firms in the region to create a new IT powerhouse for SMEs.
The exchange has chosen this solution for its ability to effectively cater to day-to-day needs, while also offering scalability to grow.
Michael Pittelkow of SAP Africa sees a key role for information technology in fighting violence more effectively and with less cost.
As opposed to just covering the insured for direct financial losses, cyber insurance policies cover the resultant expenses of a breach, says Ryan van de Coolwijk, director at CyGeist.