The distributor expects to ink a deal in the next few months.
The company attributes disappointing revenue, in part, to the Gauteng e-toll project.
The group spent $13.4 million on infrastructure to roll out its security payments contract in the last quarter of the year.
The news that the company is still in talks sends its shares slightly higher.
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 another year of growth, driven by its expanding product and services range.
The company reports a 24% increase in revenue for the year ending 30 June 2012.
The group hopes emerging market exposure will offset expected tough conditions in SA.
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
Revenue and profitability increased on the previous year, driven mainly by organic growth.
The group ends the year with almost R2 billion in cash after spending R800 million.
The latest IT stock to list is used as a vehicle by Prescient Holdings for a reverse listing.
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
Non-executive director Zakhele Sithole died on Sunday.
Revenue grows in the year to June, but the volatile rand causes earnings per share to drop.
Anti e-tolling group OUTA had a tough day in court, but says the case is important for the country's democracy.