Revenue grew 34% during the year to June, says the vehicle tracking company.
The company hopes to dethrone MTN as the African telecoms market leader.
The loss exposed flaws in the bank's risk controls that may prompt regulators to act, analysts say.
Group revenue increased by 4.3% to R180.9 million, up from R173.3 million last 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.
Sophisticated tools that monitor financial transactions across all systems are essential to combat fraud, says Barnstone.
The project will be implemented by Softline Accpac, and should be up and running by the end of January 2012.
The online payments business was included in the Sunday Times Microsoft Tech Track 100.
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
USAASA develops a means test to determine which households qualify for the government subsidy for set-top boxes.
The mobile payments system is now available in the US, but it will still be several years before it has an impact on the mass market.
The listed electronics company incurs several once-off costs after its R55.8 million buyout of Spescom.
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
Altech's East African unit did not recover as expected six months ago.
In today's technology roundup: Hi-tech firms face financial distress, Fujitsu workers down tools, UK firm denies Egyptian 'cyber spy' deal, and Murdoch offers $4.7m to hacking victims.
Electronic and mobile payments are increasingly becoming the preferred method of payment globally, a report says.