The electronics group will retrench about 10 000 employees in a bid to save as much as R3.3 billion in annual expenses.
The companies aim to help manufacturing companies claim back a portion of their IT investment through the Manufacturing Competitiveness Enhancement Programme.
Basic earnings per share should gain between 30% and 40% in the first half of the year, says the group.
Irregular and wasteful expenditure at the communications department is due to a lack of leadership, says the auditor-general.
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 group reports a narrower operating loss, despite continued pressure to sell its flagship Lumia smartphones.
The handset maker is expected to report its third consecutive quarterly loss today, as it battles to get handsets into hands.
The group wants to earn half of all its income from developing markets in the long-term.
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
Shares in the group close flat, despite the company saying it is in talks.
Parliamentary committee members are again considering closing USAASA, since it is not performing.
Business Partners launches a R400 million venture capital fund aimed at small and medium businesses.
Stock in the company moves up 5.5% as its gains surpass the JSE's all share index on the back of speculation.
The group spends R6.5 million to avoid paying royalty fees for software to check fingerprints against the police database.