The company issues shares worth more than R20 million to its top brass.
Internet companies are overpriced, so it will focus on growing organically, says Naspers.
The company's share price closes lower after it withdraws a cautionary.
The company's FD will also take on the role of CEO as it hunts for a replacement for Dean Brazier.
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 claims it is seeing up to $10 million a day in mobile payment volume.
Wage negotiations have reached a stalemate between Telkom, Solidarity and the Communication Workers Union.
But fixed voice and data costs will decrease by an average of 1.7% from August.
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 media company faces opposition from rivals who say full ownership of Sky would give Rupert Murdoch too much power.
The acquisition will strengthen EA's push into mobile and social gaming, areas in which it has underperformed previously.
The buyout is said to be the first time a listed company has entered the local data automation and mobile computing market.
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 gains telecoms licences to offset a decline in fixed-to-mobile income.
The operator will offer broadband at 1c per MB, for a limited period.
The companies will collaborate to find growth opportunities in Africa's broadband market.