The company will acquire 100% of the shares of Telcordia for $1.15 billion in an all-cash transaction.
Tender awards - amounting to more than R1 billion - have been scrapped in the face of irregularities and conflict of interest.
Some parts of the long-awaited ICT charter are open to interpretation.
The Democratic Alliance alleges the latest hotline figures released by the presidency have been manipulated.
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 loses a bid to appeal a decision that allows the social agency to use the post office to distribute grants.
SKA SA and Intel collaborate on data processing technologies.
The company has been listed on the JSE's Alternative Exchange since 2004.
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 fund will focus on high-growth sectors that have been deregulated and are core to the African economy.
In terms of service line demand, business process outsourcing will experience the strongest growth, says Ovum.
The group will transfer to the 'Business Support Services' sector of the Main Board on 20 June.
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
All outstanding executive appointments at the agency will be finalised during the fourth quarter of this calendar year.
A new client contributes to the company's revenue gains in the first quarter.
The company is experiencing up to 120 downloads a month of the free, single user, two-company version of its accounting software.