The company's new low-latency network completes a trade between New York and Chicago in around14.5 milliseconds.
The cash will be used to settle a loan in its Africa unit, which has battled with poor results.
The listed company keeps some cash on hand for possible growth opportunities.
The company delays spinning off its ICT unit on the JSE until it is sizable.
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 company reports positive annual financial results for the year ended 29 February.
The company is investing for future growth and has trimmed its reliance on its infrastructure division.
The PIC has made investments on behalf of the government pension fund in Sanral bonds since 1998, says Pravin Gordhan.
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 company significantly impairs its East and West African operations after poor performance.
The company doubles its loss forecast due to large one-time tax expenses.
Despite improvements, the IMF says regulators need more expertise and government support.
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 company's cost-saving initiatives pay off in the new financial year.
The listed company buys the World of Avatar venture for an undisclosed amount.
The company is transitioning its revenue model, while restructuring causes expenses to leap.