An investigation into wasteful IT-related expenditure, by correctional services, has been completed.
The R50 million loan will go into expanding its points of presence in the Latin American country.
Digital advertising agency Gloo had to be repositioned during the year, which negatively affected results.
Basic and headline earnings per share are expected to improve to a loss of between 5c and 5.5c.
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 grows revenue 50%, becoming one of the “big boys” in the neighbourhood.
Most companies have noticed a significant increase in fraud levels, says ACFE.
Revenue increased 50.0% to R3 642.9 million and profit before tax is up 45.0% to R339.9 million for the year ending 31 July 2012.
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
Funding has become available for radio astronomy partnerships between Africa and Europe.
Thuli Madonsela will investigate the use of ICT Indaba funds, and the communications minister's alleged conflict of interest.
The group's announcement that it is in talks has not affected its share price.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
The group expands its offerings as it moves into the security and cloud computing sectors.
Over 100 construction jobs have been created in the Northern Cape as part of the SKA project.
The expenditure indicates that the provincial government is making progress in implementing service delivery programmes, says MEC.