The company has only a few months to find a rescuer before it is down to its last cent.
Full-year revenue will still be between $4.1 billion and $4.4 billion, the company says.
The growing use of electronic channels indicates a shift towards the more convenient facility and a return to economic growth.
Financial director and company secretary Hano Coetzee quits to “pursue personal interests”.
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.
First Mutual Life will be implementing SDT's Exergy suite to support the growth of its business.
Telkom rejects MWeb's peering demands and analysts argue MWeb may have to compromise first.
Trade in the company's shares will stop on Monday, after Jasco successfully bought it out.
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 raises cash to pay its bills and its empowerment partner sells down its stake.
In today's technology roundup: Trio to gamble $65m Facebook fortune, AMD forces CEO to resign, Intel pays $1.5bn for patents, and big tech should continue profit growth.
Analysts encourage the mobile operator to save its Congolese subsidiary.
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
Government may push for a permanent Telkom CEO before its Class A share expires in March.
Local IT spending will hit $14.4 billion this year, growing at a rate of more than double that of the economy.
In today's technology roundup: Fraudulent iTunes on sale, Facebook's financials demanded, RIM cagey on PlayBook outing, and Flash Player security bypassed.