After an extensive audit, the Infor financial management solution was certified as International Financial Reporting Standards compliant. [Local rep: AdvanceNet Group]
The body has received a qualified audit again, due to irregular expenditure and unverified licence fees.
The DOC expended 80% activity to achieve 20% result, say Parliamentary Portfolio Committee members.
The company records sales growth in business process excellence licences and products, confirms full-year growth forecast.
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.
Despite the massive irregular expenditure, the company is progressing with its turnaround plan and is cash-positive, it assures.
However, the city's low collection levels as a result of the billing crisis could lead to a downgrade, it cautions.
Reports said a deal would be announced for as much as $1.5 billion in the coming week.
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
An agreement with the Korea-based company could see Telkom becoming more innovative and offering better services.
The company is in talks to sell a 20% stake to the Korea-based telecoms company.
The company pays out $125 million to shareholders in five years.
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 unit causes the company to temporarily default on a long-term loan.
Most shareholders vote in favour of the R499 million buyout bid.
The company will report full-year results later today and expects per share earnings to plummet.