The group did not respond fast enough to deteriorating market conditions in the region.
Entrepreneurs based at an Eastern Cape ICT incubator recorded R6.5 million in turnover in the latest financial year.
Telkom's under-recovery on the access line has yet to be resolved.
The SaaS solution provides stock market traders with market feeds from across 67 exchanges.
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.
The Emerging Markets Payments Group has partnered with Collections Marketing Centre to help companies manage customers in arrears.
The group posts a R2.3 million profit in the year to June, continuing gains from its first half.
The company boosts revenue past the R1 billion mark in the year to June.
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
The commpany announced the pricing of 15?175?000?shares of its common stock at a price to the public of $20 per share.
The company's $40 billion carrot leaves the market unmoved, as investors watch its Nokia purchase and ponder who will replace Steve Ballmer.
The partnership provides international issuers in developing markets with new tools to help improve credit underwriting for unbanked small businesses.
Its parent company moves to buy out minorities in a R1.87 billion deal.
Acquisitions account for just more than 12% of its full-year revenue.