A shareholder squabble over control of the computer distributor led to Comztek's decision to sell to Datatec.
The DA says figures showing how much the DOC spends on rent is indicative of Nyanda's luxurious spending.
The company says per share earnings could be as much as 25% lower in the full year.
In this World Wide Wrap: Uncertainty surrounds JP Morgan outage, integrated mobile banking platform released, and no online banking on holy days.
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.
Most fraud cases are perpetrated through abuse of IT passwords, according to Edward Nathan Sonnenbergs.
Although basic earnings will improve, continuing operations are expected to come in at a per share loss.
Biodata, which has an annual revenue of R30 million, will be acquired by Datatec for an undisclosed amount.
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 deal will add to DiData's ability to provide visual communication services.
The $233 million purchase of KSNet is expected to immediately add value in the 2011 financial year, says Net1.
International ratings agency has placed Cell C on CreditWatch for an improvement, but still at speculative level.
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
However, subsidiary Altech has encountered several short-term challenges that have impacted operating margins.
The company has hit the magical R1 billion market capitalisation mark.
The company upgraded technology available to traders and specialists at the New York Stock Exchange.