The cellphone manufacturer is no longer viewed as investment-grade by Fitch Ratings.
Two of the company's directors have accepted an offer to sell their stakes at 26c a share.
First-quarter consolidated revenue was $5.1 billion, an increase of 11% compared with the year-ago quarter.
The company recorded revenue of $339.6 million for the second quarter of fiscal 2012, up 5.3% from the prior quarter.
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.
Through e-tolling, R70 billion will have been overpaid by the public at current tariff rates.
The sector will only grow at 4.9% this year, behind anticipated global growth of 5.4% and a decline on 2011's gains.
The BetterQuote platform was developed as a joint venture between BetterSure, Blue Label Data Solutions and Eldrid Jordaan.
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'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.
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 delays spinning off its ICT unit on the JSE until it is sizable.
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.