The R170.9 million that Pinnacle is paying to buy out Axiz will benefit staff, who all own shares in the company.
Pinnacle Technology Holdings has made an offer to purchase 100% of the shares in Axiz Technology.
The R170.9 million Pinnacle/Axiz merger creates the largest channel entity in SA.
SAP's purchase of Sybase has yet to be finalised as the deal hinges on approval from the European Commission.
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.
Communications minister Siphiwe Nyanda will now have three official complaints against him sent to the public protector for investigation.
In this World Wide Wrap: BoA trials online-only account, hardware sales lead recovery, and UBS signs on JP Morgan tech banker.
The Teacher Laptop Initiative can now focus on teacher training and development in ICTs.
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
Dimension Data directors will collectively earn R250 million when NTT's offer pays out.
A second recession could cause the collapse of ICT companies still battling to shrug off the effects of the first global meltdown.
The fixed-line operator will have to pay out just over R600 million after a settlement agreement.
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
Despite the easily achievable goals of SA's broadband policy, analysts remain sceptical.
In today's technology roundup: Four cuffed over Web site vandalism, government 'let down' UK gaming, businesses conspire to conceal leaks, and Finjan sues McAfee, Symantec.
The company is outpacing the storage software market revenue growth rates, according to IDC.