An urgent clean-up and forensic audit are required as the office is implicated in one case of fraud after another.
Due diligence has been completed and conditions that worried Mustek have been removed, says Datatec.
The Japan-based company will now buy out minority shareholders and start the process of delisting DiData.
In this World Wide Wrap: Westpac focuses on customer tech, ClairMail raises $13.8m for mobile banking, and new card features rewards button.
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.
However, the company is cash-generative and holding onto a war chest for potential acquisitions.
In this World Wide Wrap: Cloud industry shares drop, more to adopt cloud security, and Fujitsu unveils enterprise-grade cloud.
Government's executive management writes off R5.8 million, due to lost IT equipment and office furniture.
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 will pay about R97.6 million for the 2.6% of the networking distributor it does not already own.
The move will double the size of subsidiary Datacraft, in New Zealand.
The Soccer World Cup boosted revenue in the first six months of the year, despite muted public sector ICT spending.
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 listed company will invest R400 million in the next few years to boost revenue from the continent.
The group showed revenue and EBITDA growth of 22% and 10% respectively.
Chairman Quraysh Patel slams senior management in the company's annual report.