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.
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.
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 upgraded technology available to traders and specialists at the New York Stock Exchange.
The company will continue to grow revenue through a combination of organic improvements and acquisitions, says CEO.
The company is in talks to buy out another entity after consolidating its acquisition of ITS Holdings.
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
Its cloud-based suite of collaborative services was unveiled at the New York Stock Exchange event.
The company aims to add more players to its stable after wrapping up its acquisition of Axiz.
The company expects to deliver earning increases despite its difficulties with the Department of Home Affairs.
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 hopes to have its research wrapped up with enough time to allow Mustek to agree to the bid before the month-end deadline.
In this World Wide Wrap: China to surpass US credit card market, Netherlands rolls out mobile payment, and eBillingHub and LT Online partner.
A deal with China Development Banks sees Cell C moving to refinance a portion of its euro-denominated senior secured notes.