Currency fluctuations mean that, in dollar terms, spending will only gain 2% this year.
The market is unmoved, despite the return to profitability in the first half of the year.
Company closes its initial public offering of 4 705 880 Class A ordinary shares at $17.00 per Class A ordinary share.
The company expects higher earnings in the full year.
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.
Luxoft Holding will offer 4 092 070 Class A ordinary shares at $17 each and will trade on the New York Stock Exchange.
Gijima raises R150 million to put into working capital and growth plans.
Outa believes e-tolling will exacerbate SA's debt crunch - with consumers being hardest hit.
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 stock moves back up past R16 a share, after the group takes welcome action.
Infor expects its fiscal 2013 Q4 software licence fees and subscription revenues to grow approximately 10% in constant currency rates compared to fiscal 2012 Q4.
Most of the staff will move to a new unit to be created within Denel Dynamics.
The telco alleges it would not have pumped $500 million into Multi-Links were it not for a conspiracy.
The biometric and screening company will leave the bourse at the end of next month.