Blue Label Telecoms has seen its profitability boosted by a once-off confidential transaction during the six months to 30 November.
Revenue increased by 7% to R9.2 billion and gross profit increased by R71 million to R590 million.
The move marks a major step forward in helping pension funds and insurers provide solutions for an ageing population.
The company returns to profitability in the first half of the 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.
The company aims to diversify as it comes under margin pressure in local sectors.
Revenue increased 8.5% to R446 million, while earnings grew to R73.4 million in the six months ended November 2011.
Central Bank of Nigeria's deputy governor will discuss Nigeria's 'cashless society' campaign at the AITEC Banking & Mobile Money COMESA conference.
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 is driving products in niche vertical markets.
The company is expanding its capacity and will continue to move into Africa.
The company's least-cost routing income stream is coming to an end.
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 incurs foreign exchange losses of R62.9 million.
The deal will be paid for through a combination of cash and shares.
Affordability and the impact of a potential R3.5 billion fine on Telkom are not factors the competition authorities have to consider.